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The Akola Urban Co-operative Bank has introduced the RTGS / NEFT Funds Transfer Facility.

  • The Akola Urban Co-operative Bank has introduced the RTGS / NEFT Funds Transfer Facility for our esteemed Customers. The general Guidelines for handling the transactions related to RTGS / NEFT are as follows.

    1.   All the RTGS / NEFT transactions will require a Valid Instrument i.e. Cheque.

    2.   The Transaction Time for RTGS/NEFT will be from 10:30 AM to 4:30 PM on working days.

    3.   Transactions below Rs.2,00,000/- (Rs. Two Lakh Only) will be in NEFT.

    4.   Transactions Above Rs.2,00,000/- (Rs. Two Lakh Only) will be in RTGS.

    5.   All other Terms & Conditions are mentioned on the overleaf of the RTGS / NEFT Application form.

    6.   All Incoming RTGS / NEFT will be automatically credited to Beneficiary Account and will be notified separately.

Sr.

Amount

Charges

1

Upto Rs.10,000/-

Rs.2/-

2

Rs.10,001/- UptoRs. 1,00,000/-

Rs.5/- + G.S.T. *

3

Rs.1,00,001/- Upto Rs.2,00,000/-

Rs. 10/- + G.S.T. *

4

Rs.2,00,001/- upto Rs.5,00,000/-

Rs.25/- + G.S.T.*

5

Rs.5,00,001/- & Above

Rs.50/- + G.S.T.*

*Note: G.S.T. (Goods Service Tax) is as per current prevailing rate of 18% w.e.f. 01.07.2017, may vary accordingly.

Banking Facility