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Remittance

Real Time Gross Settlement System (RTGS)

Dr. Babasaheb Ambedkar Sahakari Bank Ltd. offers RTGS — a robust and secure payment system for inter-bank fund transfers of ₹1 lakh and above. Funds are transferred in real time through instructions given to the bank, ensuring immediate settlement on a gross basis.

Eligibility

  • Savings Account, Current Account, Cash Credit / Overdraft Account holders

Why Choose RTGS at Dr. Babasaheb Ambedkar Sahakari Bank Ltd.?

  • Advanced Technology
    Backed by INFINET, ensuring a secure and high-speed transaction environment
  • Reliable
    Guaranteed fund transfer within the working day
  • Speed
    Instant processing and credit to beneficiary
  • Liquidity Support
    Ample intraday liquidity for seamless transactions
  • Cheque-Free
    Eliminate the need for cheques in transferring large sums
  • Low Risk
    Immediate settlement reduces counterparty and credit risk
  • Convenience
    Bypasses cheque-related delays like return, bounce, or stop-payment issues

National Electronic Funds Transfer (NEFT)

All Dr. Babasaheb Ambedkar Sahakari Bank Ltd. branches are Core Banking System (CBS) enabled and offer NEFT services. NEFT allows efficient, reliable, and cost-effective transfer of funds below ₹1 lakh across India.

Eligibility

Savings Account, Current Account, Cash Credit / Overdraft Account holders

Benefits of NEFT with Dr. Babasaheb Ambedkar Sahakari Bank Ltd.

  • Easy & Convenient
    Quick credit to the beneficiary’s account
  • No Charges on Inward Remittance
    Receive funds at no extra cost
  • Paperless Process
    Fully digital, eliminating the need for paperwork
  • Cost Saving
    No postal or courier charges involved

To know more, visit your nearest Dr. Babasaheb Ambedkar Sahakari Bank Ltd. branch and experience instant interbank money transfers via RTGS/NEFT.

* Conditions Apply

Disclaimer

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