NEFT :

National Electronic Funds Transfer (NEFT) NEFT is electronic funds transfer system, which facilitates transfer of funds to other bank accounts across the country. This is a simple, secure, safe, fastest and cost effective way to transfer funds especially for Retail remittances.

FEATURES & BENEFITS:

Customers can remit any amount using NEFT Customer intending to remit money through NEFT has to furnish the following particulars:

• IFSC (Indian Financial System Code) of the beneficiary Bank/Branch
• Full account number of the beneficiary.
• Name of the beneficiary.

The facility is also available through online mode for all internet banking and mobile banking customers.

For corporate customers, bulk upload facility is also available at branches.

TIMINGS:

Customers can use this facility between 8 AM and 06.30 PM on all weekdays and between 8 AM and 06:30 PM on Saturday (except 2nd & 4th Saturdays).There are twelve hourly settlements between 8 AM and 7 PM on all weekdays and between 8 AM and 7 PM on Saturday (except 2nd & 4th Saturdays).

Bulk NEFT File should be uploaded before 6 PM for same day processing. Sunday is holiday.

The money will be credited to the beneficiary’s account on the same day or at the most next day in case the message is sent during the last batch of settlement. Latur Urban Co-Op Bank NEFT facility to its customers through all its branches.

NEFT Charges :

• For transaction amount up to Rs. 10,000 : Rs. 2.50 + taxes
• For transaction amount above Rs. 10,000 & up to Rs. 1 Lac : Rs. 5.00 + taxes
• For transaction amount above Rs. 1 Lac & up to Rs. 2 Lacs : Rs. 15.00 + taxes
• For transaction amount more than Rs. 2 Lacs : Rs. 25.00 + taxes

RTGS :

Real Time Gross Settlement [RTGS], introduced by us as Union Bullet, is the fastest possible mode of money transfer through bank channels available in India. It's a fund transfer mechanism where transfer of money takes place from one bank to another in real time and on 'gross basis'. Presently, there are over 50000 bank branches enabled for remitting and receiving funds through RTGS. RTGS is primarily for large value remittances. The minimum amount to be remitted through RTGS is Rs.2.00 Lakh.

SALIENT FEATURES :

Customers can remit any amount using RTGS. Customers intending to remit money through RTGS have to furnish the following particulars:

• IFSC (Indian Financial System Code) of the beneficiary Bank/Branch.
• Full account number of the beneficiary.
• Name of the beneficiary.

The facility is also available through online mode for all internet banking customers. For corporate customers, bulk upload facility is also available at branches.

TIMINGS

Monday to Friday:8.00Hrs to 16.20Hrs. Bulk RTGS File should be uploaded before 15:50Hrs for same day processing.
Saturday(except 2nd & 4th Saturdays):8.00Hrs to 16.20Hrs. Bulk RTGS File should be uploaded before 15:50Hrs.
Sunday is holiday.
Under this facility money will be credited to the beneficiary account instantly on 'real time' basis.
Latur Urban Co-Op Bank offers RTGS facility to its customers through all its branches.

Latur Urban Co-Op Bank offers RTGS facility to its customers through all its branches.

CHARGES

For transaction amount from Rs. 2 Lac & up to Rs. 5 Lacs:
Rs.25.00 + taxes (From 08:00 Hrs & up to 11:00 Hrs)
Rs.27.00 + taxes (After 11:00 Hrs & up to 13:00 Hrs)
Rs.30.00 + taxes (After 13:00 Hrs)

For transaction amount more than Rs. 5 Lacs:
Rs.50.00 + taxes (From 08:00 Hrs & up to 11:00 Hrs)
Rs.52.00 + taxes (After 11:00 Hrs & up to 13:00 Hrs)
Rs.55.00 + taxes (After 13:00 Hrs)