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 compared to the continuous, individual settlement in RTGS.
RTGS Charges
| Day* | Time | Transaction Amount | Charges# |
|---|---|---|---|
| Monday to Saturday | 10:00 hrs. to 15:30 Hrs | Above Rs. 2.00 Lacs to Rs. 5.00 Lacs Above Rs. 5.00 Lacs |
Rs. 25/- Rs. 50/- |
NEFT Charges
| Day* | Time | Transaction Amount | Charges# |
|---|---|---|---|
| Monday to Saturday | 10:00 hrs. to 17:00 Hrs | Upto Rs. 1.00 Lacs Above Rs. 1.00 Lacs to Rs. 2.00 Lacs |
Rs. 5/- Rs. 10/- |
RTGS & NEFT Charges are excluding GST
RTGS & NEFT will not be operated on 2nd and 4th Saturdays
IFSC Code details for RTGS/NEFT
| S. No | BRANCH | ADDRESS | IFSC/MICR |
|---|---|---|---|
| 1 | Batla House | 334-E, Batla House, Okhla, New Delhi-110025 Phone : 011-69019234, 26986616 | FSC : UTIB0SJCB01 MICR CODE: 110410002 |
| 2 | Sarai Jullena | G-3, SURYA PLAZA, K-185/2, Sarai Jullena, New Delhi-110025 Phone : 011-26324030, 011-40538942 | IFSC : UTIB0SJCB02 MICR CODE: 110410003 |
| 3 | Abul Fazal | F-98, B/2, Abul Fazal Enclave New Delhi-110025 Phone : 011-46022336, 011-26971322 | IFSC : UTIB0SJCB03 MICR CODE: 110410004 |
| 4 | Madanpur Khadar | H.No.C-624, Village Madanpur Khadar Extn. New Delhi-110076 Phone : 9311421693 | IFSC : UTIB0SJCB04 MICR CODE: 110410005 |
| 5 | Zakir Nagar | 59-B, Zakir Nagar, Okhla, New Delhi-110025 Phone : 011-69019222, 011-26981135 | IFSC : UTIB0SJCB05 MICR CODE: 110410006 |
| 6 | Sangam Vihar | H.No.15/10, Near Main Gate, Hamdard Public School, Sangam Vihar, New Delhi-110062 Phone : 011-71219807, 011-26041062 | IFSC : UTIB0SJCB06 MICR CODE: 110410007 |
| 7 | Jasola Village | E-69, Lower Ground Floor, Jasola Village, New Delhi-110025. Phone : 011-26940683 | IFSC : UTIB0SJCB07 MICR CODE: 110410008 |
| 8 | Badarpur | H.No. 7-A, Shakti Vihar, Main Tanki Road, Badarpur, New Delhi-110044. Phone : 011-68225151, 011-26660209 | IFSC : UTIB0SJCB08 MICR CODE: 110410009 |
Download RTGS/NEFT application Forms.
Download RTGS/NEFT Terms & Conditions document..
Customers are requested to mention 15 Digit Account No. as below: (For Example if you have saving account no. 1234 at our Batla House Branch)
| Branch | Module | Scheme | Account No |
|---|---|---|---|
| 0002 | 10 | 001 | 001234 |
| Sample of your beneficiary account no. for RTGS/NEFT : 000210001001234 | |||