We offer Real Time Gross Settlement (RTGS) payments & receipts system, a solution for faster and most efficient settlement system for our esteemed customers.
Our IFSC is MDBK0000xxx (xxx is the branch code. Click on the link to get branch details http://www.modelbank.in/index.php/en/joomla).
Speed – Guaranteed & Fast settlement of transactions.
Hassle free High Value settlement - Elimination of collections through physical clearing.
Reduces Paper work and improves efficiency.
Eliminates "Settlement Risk" & "Systemic Risk".
| Inward Transactions: | FREE |
|---|---|
| Outward Transactions: | |
| a) Upto Rs. 5,00,000 | Rs. 20.00 per transaction plus taxes. |
| b) Above Rs. 5,00,000 | Rs. 40.00 per transaction plus taxes. |
The NEFT System introduced in 2005, has seen exponential growth in recent years. Our Bank offers National Electronic Funds Transfer System to our esteemed customer.
| Inward Transactions: | FREE |
|---|---|
| Outward Transactions: | |
| a) Upto Rs. 10,000 | Rs. 2.00 per transaction plus taxes. |
| b) Rs. 10,001 to 1,00,000 | Rs. 4.00 per transaction plus taxes. |
| c) Rs. 1,00,001 to 2,00,000 | Rs. 14.00 per transaction plus taxes. |
| d) Rs. 2,00,001 to 5,00,000 | Rs. 20.00 per transaction plus taxes. |
| e) Above Rs. 5,00,000 | Rs. 40.00 per transaction plus taxes. |
