NEFT stands for National Electronic Funds Transfer whereas RTGS is short for Real-Time Gross Settlement. NEFT is a payment system where the settlement of funds takes place in half-hourly batches. RTGS is a payment system of continuous and real-time settlement of fund transfers.

The A & N State Cooperative Bank Ltd provides RTGS / NEFT services from all its Branches and HO for online transfer of funds to any Branch of any Bank which was connected to RBI-RTGS / NEFT Services.

 

Timing

RTGS: 9.00 A.M to 4.00 PM

NEFT: 8.00 A.M to 4.00 PM

 

RTGS/NEFT Service Charges

Amount

Charges

Up to Rs 10000/-

9/-

Rs 10001 — Rs 100000

11.8/-

Rs 100001 — Rs 200000

17.7/-

Rs 200001 — Rs 500000

23.6/-

Rs 500000 & Above

47.2/-