RTGS/NEFT

RTGS  -   Real Time Gross Settlement

The Goa Urban Cooperative Bank Limited 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:

NEFT	Amount Range	Charges + GST
1	SB	NIL
2	UPTO Rs. 10000	NIL
3	Above Rs.10000 upto Rs 1 Lakh	Rs 5/-  per transaction
4	Above Rs 1 lakhs upto Rs 2 Lakh	Rs 15/- per transaction
5	Above 2 Lakhs	Rs 25/- per transaction
RTGS	Amount Range	Charges + GST
1	SB	NIL
2	Above Rs. 2 Lakh to 5 Lakhs	Rs. 25/- per transaction
3	Above Rs.5 lakhs	Rs. 50/- per transaction

 

List of IFSC Codes under Sub-Membership of HDFC Bank

BANKNAME	IFSC CODE	BRANCH	MICR
HDFC BANK LTD	HDFC0CGUB03	The Goa Urban Coop Bank Limited - PANAJI	403416003
HDFC BANK LTD	HDFC0CGUB07	The Goa Urban Coop Bank Limited - MARGAO	403416007
HDFC BANK LTD	HDFC0CGUB09	The Goa Urban Coop Bank Limited - PONDA	403416009
HDFC BANK LTD	HDFC0CGUB10	The Goa Urban Coop Bank Limited - CURCHEM	403416010
HDFC BANK LTD	HDFC0CGUB08	The Goa Urban Coop Bank Limited - VASCO	403416008
HDFC BANK LTD	HDFC0CGUB13	The Goa Urban Coop Bank Limited - CAVELOSSIM	403416013
HDFC BANK LTD	HDFC0CGUB04	The Goa Urban Coop Bank Limited - MARKET	403416004
HDFC BANK LTD	HDFC0CGUB05	The Goa Urban Coop Bank Limited - MALA	403416005
HDFC BANK LTD	HDFC0CGUB17	The Goa Urban Coop Bank Limited - CANACONA	403416017
HDFC BANK LTD	HDFC0CGUB11	The Goa Urban Coop Bank Limited - PVIM	403416011
HDFC BANK LTD	HDFC0CGUB02	The Goa Urban Coop Bank Limited - HO BR	403416002
HDFC BANK LTD	HDFC0CGUB18	The Goa Urban Coop Bank Limited - MAPUSA	403416018
HDFC BANK LTD	HDFC0CGUB14	The Goa Urban Coop Bank Limited - CUNCOLIM	403416014
HDFC BANK LTD	HDFC0CGUB06	The Goa Urban Coop Bank Limited - MIRAMAR	403416006
HDFC BANK LTD	HDFC0CGUB19	The Goa Urban Coop Bank Limited - MADEL	403416019
HDFC BANK LTD	HDFC0CGUB15	The Goa Urban Coop Bank Limited - BAINA	403416015

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