DENA - RTGS / NEFT SYSTEM SCHEME FOR DOMESTIC INTER-BANK / CUSTOMER FUNDS TRANSFER/ REMITTANCE SYSTEM.

Ø Credit to Beneficiary's Account on the Same Day

Ø Safest and Secure Mode of Fund Transfer

Ø Lower Remittance Charges

Ø No Courier/Postal expenses as in the case of Demand Draft etc.

Ø Money can be put to use by beneficiary on the same day

Ø Through RTGS and NEFT Dena Bank’s customers can also receive remittances from their customers / associates maintaining accounts with other Banks. i.e., instead of receiving payments by way of cheque / pay orders / demand drafts etc., can receive funds through RTGS and NEFT system.

ELIGIBILITY:

Customers of Dena Bank’s RTGS and NEFT enabled branches can send remittances under DENA RTGS / NEFT Scheme to any destination Bank / Branch that is registered with RBI’s RTGS / NEFT system.

AMOUNT OF REMITTANCE:

RTGS:

Minimum amount of remittance under Customer Transaction through RTGS is Rs. 1 Lakh.

NEFT:

Any amount whole in Rupees (without minimum / maximum limits) can be remitted.

CREDIT TO BENFICIARY’S ACCOUNT:

Credit to the Beneficiary Account will be given by Beneficiary’s Bank’s Branch on the same day and in case of holiday / after business hours, credit will be given on next business date.

WORKING OF THE SCHEME:

Ø Submit the application form in a prescribed format (as per annexure) to RTGS / NEFT enabled Bank Branch.

Ø Mention Beneficiary Bank and Branch Name with Indian Financial System Code (IFSC) and Beneficiary’s Name, Account Type, Account Number and Amount to be remitted.

Ø Message will be sent in electronic form in a highly secured manner through RTGS / NEFT System to Beneficiary Bank’s Branch.

Ø Credit to the Beneficiary Account will be given by Beneficiary’s Bank’s Branch on the same day and in case of holiday / after business hours, credit will be given on next business date.

TIMINGS

Remittances can be sent between
09:00 AM – 04:00 PM from Monday to Friday and
09:00 AM - 11:30 AM on Saturday
on all working days WITHIN business hours of RTGS / NEFT enabled Bank’s Branches.

NEFT Transactions will be settled as per the clearing settlement batches set by RBI from time-to-time.

SERVICE CHARGES:

RTGS Remittance Charges: