NEFT/RTGS

NEFT (National Electronic Funds Transfer) and RTGS (Real-Time Gross Settlement) are two popular electronic payment systems used in India to transfer funds from one bank account to another.

• NEFT: This system operates on a deferred net settlement basis, where transactions are processed in batches at specific times. It's suitable for transferring smaller amounts and is available 24x7.
• RTGS: This system processes transactions individually on a real-time basis. It's designed for high-value transactions, with a minimum transfer amount of ₹2,00,000. It is also available 24x7.

NEFT/RTGS Information:

• Bank Name: Sri Ganapathi Urban Co-Operative Bank Ltd.
• IFSC Code: The IFSC (Indian Financial System Code) is a unique 11-digit code used to identify each bank branch participating in NEFT and RTGS. To find the specific IFSC code for a branch of Sri Ganapathi Urban Co-Operative Bank Ltd., you can use the search functionality available on their official website or other banking information portals. The IFSC code is crucial for initiating a NEFT/RTGS transaction.
• Branch Details: You will also need to know the specific branch name and address of the account holder you are sending money to.

How to initiate a NEFT/RTGS transaction:

To send money via NEFT or RTGS from your account to an account at Sri Ganapathi Urban Co-Operative Bank Ltd., you will need the following details of the beneficiary:

Beneficiary Name: Full name of the person or entity you are sending money to.

Beneficiary Account Number: The bank account number of the beneficiary.

Beneficiary Bank Name: Sri Ganapathi Urban Co-Operative Bank Ltd.

Beneficiary Bank's IFSC Code: The specific IFSC code of the beneficiary's bank branch.

You can initiate the transaction through the bank's internet banking portal, mobile app, or by filling out a physical form at a branch.

Note: Always double-check the beneficiary's details, especially the account number and IFSC code, to avoid any transfer to a wrong account.