I am customer of IDBI Bank and searching for the details about Real Time Gross Settlement (RTGS) payments & Receipts system. Will you provide what the limit and benefits of Real Time Gross Settlement (RTGS) payments & Receipts system also provide bank registered address?

IDBI Bank was established in 1964 by an Act of Parliament to provide credit and other financial facilities for the development of the fledgling Indian industry

RTGS IDBI

IDBI offers, Real Time Gross Settlement (RTGS) payments & Receipts system, a solution for faster and most efficient settlement system for our esteemed customers.

This payment mechanism will enable funds to be received by the recipient intra-day, rather than the net settlement system exchanges that occur at the end of the banking hours.

The RTGS product would provide the following benefits:

Bullet Speed – Guaranteed & Fast settlement of transactions
Bullet High Liquidity – Lowering interest costs
Bullet Better Funds Management - Ensures optimum planning and utilization of funds
Bullet Hassle free High Value settlement - Elimination of collections thru physical H/V clearing
Bullet Reduces Paper work and improves efficiency
Bullet Eliminates "Settlement Risk" & "Systemic Risk"

RTGS Card Rates:

Inward Transactions: FREE
Outward Transactions:
a) Rs. 2 lakh to Rs. 5 lakh - Not exceeding Rs. 30 per transaction
b) Above Rs. 5 Lacs - Not exceeding Rs. 55 per transaction

Contact:

Registered Office:
IDBI Bank Ltd.
IDBI Tower, WTC Complex,
Cuffe Parade, Colaba, Mumbai 400005.

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