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July 10th, 2016, 01:16 PM
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Join Date: Mar 2012
RTGS Charges In State Bank Of Mysore

How much minimum amount will charged by using RTGS services started by the State Bank Of Mysore here will you please get the details?

I will tell you the services charges for using RTGS services started by the State Bank Of Mysore so that you can have idea about it.

The acronym “RTGS” stands for Real Time Gross Settlement. The RTGS system facilitates transfer of funds from accounts in one bank to another on a “real time” and on “gross settlement” basis. The RTGS system is the fastest possible inter bank money transfer facility available through secure banking channels in India.

Here are the charge

Amount Service Charge
RTGS Rs.2 lakhs to Rs.5 lakhs Rs.28/-
Above Rs. 5 lakhs Rs.56/-

NEFT Amount upto Rs.10000/- Rs.2.50/-
From Rs.10001/- up to Rs.1 lakh Rs.5/-
Above Rs.1 lakh to Rs.2 lakhs Rs.15/-
Above Rs.2 lakhs Rs.25/-

Amount to be transferred
Type Minimum Maximum
RTGS Rs. 2 Lakhs Rs. 5 Lakhs
NEFT - Rs. 5 Lakhs

The Remitter has to provide the following details:

Amount to be remitted.

Account number which is to be debited.

Name of the beneficiary bank.

Name of the beneficiary.

Account number of the beneficiary.

Remarks or description, if any.

The IFSC code of the beneficiary branch.

Address:-

State Bank Of Mysore
BANGALORE ZONE I
BKG COMPLEX,
AVENUE ROAD,
BANGALORE – 560 009

Last edited by Neelurk; February 18th, 2020 at 09:21 AM.
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