RTGS
The Real Time Gross Settlement (RTGS) System aims to do what e-mail did for the post card. Instead of sending instructions for payments through cheques, with Real Time Gross Settlement System banks can route payments through on-line messages to RBI’s RTGS Payment Gateway.
As electronic messages move instantaneously the transactions can be concluded immediately unlike in the case of cheque clearing. In RTGS environment the payer has to inform his bank to debit his account and credit the payee’s account with an equivalent amount. With RTGS, money would move faster and transactions would be settled in a matter of minutes and the payee would have funds in his account within a maximum time-frame of two hours of the settlement.
RTGS is an electronic payment system of Reserve Bank of India which provides online settlement between participating Banks continuously throughout the day. Using RTGS Customers of the Bank can make payment to the beneficiary’s account in another Bank.
RTGS facilitate the funds transfer across the Banks and Branches. At present 95 Banks and 1435 Branches are under RTGS system. Under RTGS system Inter Bank transactions and Customer Transactions has been enabled by the Reserve Bank of India.
Customer Transaction can be outward or inward remittances i.e. Funds can be transferred by or received by the Customer under RTGS system. The unique feature of the system is unlike other clearing system in RTGS Funds can be transferred or received Just In Time i.e. within 2 hours of instructions so given that to at cost less than draft charges.
For sending the funds through the RTGS all you have to do is fill & sign the Funds Transfer Instruction Form ( available at Branches ) along with all the necessary details, such as Name of the beneficiary, Name of the Bank and Branch, A/c No. and IFSC Code of the beneficiary’s Bank.
For receipt of the funds you need to give the IFSC Code of our Bank & Branch to the remitter of the funds.
After the instructions are received in prescribed form, duly signed in we will remit the funds through RTGS and within 2 hours funds will be credited to beneficiary’s account.
NEFT
NNSB is proud to offer the National Electronic Fund Transfer system (NEFT) facility.
NEFT enables an efficient, secure, economical and reliable system of transfer of funds between accounts of customers of different Banks.
Features and Benefits
Electronic payment system in which payment instructions between banks are processed and settled on deferred net settlement (DNS) basis at fixed times during the day.
There is no minimum or maximum stipulated transaction value for using this facility.
NEFT facility is available in all the branches of our Bank.
Funds transferred under NEFT will be credited to the beneficiary’s account on the same day or next day.
Inward remittance is free
No courier/postal charges payable by customers.
Secured Transfer of funds across the Banks.
Information required for Transfer of funds
Sender’s Account number
Sender’s Name
Amount of Transaction
Beneficiary Account number
Beneficiary Name
Beneficiary Bank Name
Beneficiary Branch Name
IFSC of the receiving branch. (IFSC is printed on cheque leaves or available in RBI Website.) Sender to receiver information, if any
Charges
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RTGS/ NEFT Commission (Inward & outward )
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| Inward | Free of charges. | |
| Outward RTGS | ||
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(i)
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Rs.2.00 lakh to Rs.5.00 Lakh. | Rs 28/-per transaction |
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(ii)
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Above 5.00 Lakh | Rs 55/- per transaction |
| Outward NEFT | ||
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(i)
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Amounts upto Rs.10,000/- | Rs 3/-per transaction |
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(ii)
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Amounts from Rs.10,001/- to 1.00 Lac | Rs 6/-per transaction |
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(iii)
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Amounts from Rs.1,00,001/- to 2.00 Lac | Rs 17/- per transaction |
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(iv)
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Amounts from Rs.2,00,001/- to 5.00 Lac | Rs 28/- per transaction |
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(v)
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Amounts above Rs.5,00,000/- | Rs 55/- per transaction |
Transaction Hours
The NEFT service is available from 8.00 hours to 19.00 hours on week days(Monday-Saturday)
NEFT system work on all days except on Sundays and common National Holidays across the states.
The request for NEFT will be accepted up to 15 minutes before the cut off timings at our Branches.
AADHAR CARD
AADHAAR ENABLED NNSB BANK ACCOUNT
NNSB is the only Co-operative Bank in Vidarbha empanelled with UIDAI to receive Central & State Government Scheme Benefit.
LPG for Domestic Cooking is heavily subsidized. In order to restrict the use of subsidized LPG, for the benefit of genuine domestic customers, every household is permitted only one registered LPG connection in the name of one of the family members. However, every registered customer is entitled to receive refills as per his domestic cooking need.
Aadhaar is providing a unique opportunity to every resident of the country. Integrating the Aadhaar number of the resident, by a one-time validation process, to identify the beneficiaries of subsidized LPG across the OMCs will help to clean their digitized data base, by de-duplicating the Aadhaar numbers.
Currently, domestic LPG is supplied at a subsidized price and the subsidy component is designed to be paid by the government directly to the OMCs. It is desirable for the government to distribute LPG in the entire supply chain at the market price, removing the incentive for its diversion.
The integration of Aadhaar Number of the beneficiary and performing Aadhaar Authentication at the time of service delivery will enable the government to consider leveraging the Aadhaar Enabled Bank Account of the beneficiary. The subsidy amount will be directly credited for a verified residential delivery. In such a scenario LPG can be supplied at the market price.
On opening an AADHAR ENABLED NNSB BANK ACCOUNT following benefits will be directly credited in your account
Domestic Gas Subsidy
Scholarships
State & Central Government Salaries
Retirement Pensions And more…
3 Simple Steps for Instant Government Subsidy gain!
Open an account with NNSB Bank
Provide AADHAR card number
Link your existing account with AADHAR card.
Or if you are already a NNSB Bank customer:
Provide AADHAR card number
Link your existing account with AADHAR card
The Gas subsidy will be directly credited to your account!.
The Government subsidies will be directly credited to your account!
We are committed to offer Aadhar enabled services to our customers for receipt of various Government Subsidies / Schemes through our Branches and other delivery channels of the Bank for financial Inclusion project of Govt. of India.
Click Here : IFSC Codes and Branches Network
About
Nagpur Nagarik Sahakari Bank is one of the oldest and leading Cooperative bank in Vidarbha. With the collective efforts by some of the devoted members of cooperative movement, on the auspicious day of “Vijayadashmi” in the year 1962. Nagpur Nagarik Sahakari Bank’s first branch was started in Gandhibagh area of Nagpur.
The Bank started with a meager capital amount of Rs. 26000/- and has grown to a capital base of Rs. 1493.46 lac with 60521 members as on 31st March, 2010. The Bank was awarded Scheduled bank status on 22nd May 1999 after fulfilling the criteria of desired deposit base. The bank has also acquired Multistate Scheduled Bank status on 21st March 2001. Today, the area of operation of the bank is entire state of Maharashtra , Madhya Pradesh and Raipur, Durg in the state of Chattisgarh.
The Bank has adopted models Bye-Laws of Multistate Cooperative Societies on approval w.e.f Dt 17/12/2004.
The Bank has 39 Nos of fully computerized branches with one Service branch and Head Office. Out of the above, the bank own’s premises for its 15 branches with modern interiors.
All members of the Board of Director are always striving for moving the bank towards bright future in cooperative banking sector. The board members are well qualified in various professional areas, possess special experience in cooperative sector and attached to various social organizations.