NEFT/RTGS

To provide Bank's Customers with techno financial services at par with the national and private banks services like e-Transfer, RTGS and NEFT is being provided through which lacs of Cane Farmers are being paid and normal customers and businessmen are also using this facility for their fund transfers. Bank also Started Internet Banking Servises for the customers and the Bank will start Mobile Banking Services soon for its customers.

RTGS- Real Time Gross Settlement:-

This is a system where the processing of funds transfer instructions takes place at the time they are received (real time). Also the settlement of funds transfer instructions occurs individually on an instruction by instruction basis (gross settlement). RTGS is the fastest possible interbank money transfer facility available through secure banking channels in India.

NEFT- National Electronic Fund Transfer:-

This system of fund transfer operates on a Deferred Net Settlement basis. Fund transfer transactions are settled in batches as opposed to the continuous, individual settlement in RTGS.

The above mentioned facilities are available to both Retail and Corporate Internet Banking users of District Co-operative Bank Ltd. Pilibhit.

(If they have availed transaction rights).

For more details, please contact nearest Branch of District Co-operative Bank Ltd. Pilibhit.