logo
        
  You are here »  Personal Banking »  Services » RTGS
If you are interested in opening an account, visit your nearest SVC branch.

Click here to locate your nearest SVC Branch.
Begin the join process!

Click here to download form or pick up a copy at your local SVC branch.
If you cant find what your looking for, just ask us!

Click here to send your query.
 
Real Time Gross Settlement System (RTGS):- QuickEST
 
Transfer - any amount of Rs. 2, 00,000 and above within 2 Hours to Any Bank / Account Anywhere in India. There will no floor or cap value for customer transactions, which are sent to the RTGS System for settlement.
 
For Details of Branches having RTGS and their Respective IFSC Codes, Please Click here for IFSC Code.
 
 
About RTGS System:-
  • "RTGS" stands for Real Time Gross Settlement.
  • 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.
Minimum / maximum amount stipulation for RTGS transaction:-
  • The RTGS system is primarily for large value transactions.
  • The minimum amount to be remitted through RTGS is Rs.2 lakh. There is no upper ceiling for RTGS transactions.
The remitting customer has to furnish the following information to a bank for effecting a RTGS remittance:
  • Amount to be remitted
  • Account number which is to be debited
  • Name of the beneficiary bank
  • Name of the beneficiary customer
  • Account number of the beneficiary customer
  • Sender to receiver information, if any
  • The IFSC code of the receiving branch
Your Bank is one of the few banks in India who has the facility of Straight Through Processing enabled for RTGS. This helps your money to reach its destination in "QUICKEST" time.
 
 
 
 
 
Monthly Payment EMI:

Rs.
* Conditions Apply
© 2015 THE SHAMRAO VITHAL CO-OPERATIVE BANK. All rights reserved. Site best viewed in IE 6.0+ in 1024x768 resolution