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For Any Query!RTGS/NEFT Service
RTGS / NEFT SYSTEM SCHEME FOR DOMESTIC INTER-BANK / CUSTOMER FUNDS TRANSFER
The Municipal Co-op. Bank Ltd., Mumbai is Direct Member for RTGS and NEFT and offers services to its Customers for receiving and sending the remittances to any member Bank of RTGS / NEFT across India.
Benefits :
- Credit to Beneficiary's Account on the Same Day
- Safest and Secure Mode of Fund Transfer
- No Remittance Charges
- Money can be put to use by beneficiary on the same day
Through RTGS and NEFT Customers can receive remittances from their customers / associates maintaining accounts with other Banks or sent the remittances to other Bank account. i.e., instead of receiving payments by way of cheque / pay orders / demand drafts etc., can receive funds through RTGS and NEFT system by giving 15 Digit Customer Account number and IFSC Code of Branch.
RTGS and NEFT transactions charges has been waived w.e.f 01.07.2019
Working of The RTGS/NEFT :
- Submit the application form in a prescribed form at Bank Branch.
- Mention Beneficiary Bank , Branch Name, Indian Financial System Code (IFSC) and Beneficiary’s Name, Account Type, 15 Digit Account Number and Amount to be remitted.
- Message will be sent in electronic form in a highly secured manner through RTGS / NEFT System to Beneficiary Bank’s Branch.
- Credit to the Beneficiary Account will be given by Beneficiary’s Bank’s Branch on the same day .
Timings :
| RTGS For Customer Transaction | |
|---|---|
| Day | Time |
| Monday To Sunday | 24x7 |
| NEFT For Customer Transaction | |
| Day | Time |
| Monday To Sunday | 24x7 |
For IFSC Codes of the Branches refer to Branch Locator
Annual Report 2023-24
