RTGS and NEFT Services at MDCC Bank
At MDCC Bank, we are committed to providing you with efficient and secure banking services to meet your financial needs. Our RTGS (Real Time Gross Settlement) and NEFT (National Electronic Funds Transfer) services offer you a convenient and reliable way to transfer funds.
RTGS Services
- Real-Time Fund Transfers: With RTGS, transfer funds instantly on a real-time basis, ensuring quick and seamless transactions.
- High-Value Transfers: Ideal for large transactions, RTGS allows you to transfer a minimum amount of ₹2 lakhs and above with no upper limit.
- Secure and Reliable: RTGS transactions are processed in real-time, reducing the risk of fraud and ensuring the security of your funds.
- Business Hours: RTGS services are available during banking hours, with transactions processed continuously throughout the day.
How to Use RTGS:
- Visit your nearest MDCC Bank branch or use our internet banking platform.
- Provide the beneficiary’s bank details, including the IFSC code.
- Submit the RTGS request form.
NEFT Services
- Nationwide Transfers: NEFT enables you to transfer funds to any bank account across the country, irrespective of the amount.
- No Minimum Limit: Unlike RTGS, NEFT does not have a minimum transfer limit, making it suitable for all transaction amounts.
- Batch Processing: NEFT transactions are processed in hourly batches, ensuring timely and efficient fund transfers.
- Accessibility: Use NEFT services through our branches, internet banking, or mobile banking platforms.
How to Use NEFT:
- Visit an MDCC Bank branch or log in to our internet banking portal.
- Fill in the NEFT request form with the beneficiary’s bank details and IFSC code.
- Submit the form to initiate the transfer.
Advantages of Using RTGS and NEFT:
- Security: High level of security ensures your transactions are safe.
- Speed: Quick processing times ensure your funds reach the beneficiary promptly.
- Wide Reach: Transfer funds to any bank account across the country.