RTGS/NEFT

RTGS  -   Real Time Gross Settlement

The Goa Urban Cooperative Bank Ltd. offer RTGS facility to its customers.

 RTGS system is a funds transfer mechanism where transfer of money takes place from one bank to another on a "real time" and on "gross" basis. This is the fastest possible money transfer system through the banking channel. Settlement in "real time" means payment transaction is not subjected to any waiting period. The transactions are settled as soon as they are processed. "Gross settlement" means the transaction is settled on one to one basis without bunching with any other transaction. Considering that money transfer takes place in the books of the Reserve Bank of India, the payment is taken as final and irrevocable.

The RTGS system is primarily for large value transactions. The minimum amount to be remitted through RTGS is 2.00 lac. There is no upper ceiling for RTGS transactions. RTGS eliminates settlement risk.

The system has also stabilized over the years and has been witnessing increased coverage in terms of bank branches and transaction volume. The volume of RTGS transactions is increasing rapidly.


NEFT   -   NATIONAL ELECTRONIC FUND TRANSFER

NEFT is an electronic payment system to transfer funds from one account to another, between NEFT participant bank branches in India.

The NEFT system operates on a deferred net settlement basis (DNS), in which transactions are settled in batches. It is a risk free, secure and reliable mode for transfer of funds of any amount, in which more than 75,000 branches of 100 Banks participate.

Charges for RTGS/NEFT:

RTGS

Amount Range

Charges + Service Tax/Cess

1           Rs 1 Lakh to 2 lakhs
Rs 15/-  per transaction

2

Above Rs 2 lakhs to 5 lakhs

Rs 25/-  per transaction

3

Above Rs 5 lakhs

Rs 50/- per transaction

 NEFT  Amount Range
 Charges + Service Tax/Cess
1  Upto   Rs. 1Lakh  Rs.   5/- per transaction
2  Above Rs. 1Lakh to 2 Lakhs
 Rs. 15/- per transaction
3 Above Rs. 2 lakhs
 Rs. 25/- per transaction

 

List of IFSC Codes under Sub-Membership of HDFC Bank

BANKNAME

IFSC CODE

BRANCH

MICR

HDFC BANK LTD

HDFC0CGUB03

The Goa Urban Co-op Bank Ltd - PANAJI

403416003

HDFC BANK LTD

HDFC0CGUB07

The Goa Urban Co-op Bank Ltd - MARGAO

403416007

HDFC BANK LTD

HDFC0CGUB09

The Goa Urban Co-op Bank Ltd - PONDA

403416009

HDFC BANK LTD

HDFC0CGUB10

The Goa Urban Co-op Bank Ltd - CURCHEM

403416010

HDFC BANK LTD

HDFC0CGUB08

The Goa Urban Co-op Bank Ltd - VASCO

403416008

HDFC BANK LTD

HDFC0CGUB13

The Goa Urban Co-op Bank Ltd - CAVELOSSIM

403416013

HDFC BANK LTD

HDFC0CGUB04

The Goa Urban Co-op Bank Ltd - MARKET

403416004

HDFC BANK LTD

HDFC0CGUB05

The Goa Urban Co-op Bank Ltd - MALA

403416005

HDFC BANK LTD

HDFC0CGUB17

The Goa Urban Co-op Bank Ltd - CANACONA

403416017

HDFC BANK LTD

HDFC0CGUB11

The Goa Urban Co-op Bank Ltd - PVIM

403416011

HDFC BANK LTD

HDFC0CGUB02

The Goa Urban Co-op Bank Ltd - HO BR

403416002

HDFC BANK LTD

HDFC0CGUB18

The Goa Urban Co-op Bank Ltd - MAPUSA

403416018

HDFC BANK LTD

HDFC0CGUB14

The Goa Urban Co-op Bank Ltd - CUNCOLIM

403416014

HDFC BANK LTD

HDFC0CGUB06

The Goa Urban Co-op Bank Ltd - MIRAMAR

403416006

HDFC BANK LTD

HDFC0CGUB19

The Goa Urban Co-op Bank Ltd - MADEL

403416019

HDFC BANK LTD

HDFC0CGUB15

The Goa Urban Co-op Bank Ltd - BAINA

403416015


• Customers are  required to quote IFSC (code) of respective Branch to avail the facility of e-transfer of fund through NEFT/RTGS.

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