DENA BANK NEFT RTGS FORM

DENA - RTGS / NEFT SYSTEM SCHEME FOR DOMESTIC INTER-BANK / CUSTOMER FUNDS TRANSFER/ REMITTANCE SYSTEM.

·Credit to Beneficiary's Account on the Same Day

·Safest and Secure Mode of Fund Transfer

·Lower Remittance Charges

·No Courier/Postal expenses as in the case of Demand Draft etc.

·Money can be put to use by beneficiary on the same day

·Through RTGS and NEFT Dena Bank’s customers can also receive remittances from their customers / associates maintaining accounts with other Banks. i.e., instead of receiving payments by way of cheque / pay orders / demand drafts etc., can receive funds through RTGS and NEFT system.

ELIGIBILITY:

Customers of Dena Bank’s RTGS and NEFT enabled branches can send remittances under DENA RTGS / NEFT Scheme to any destination Bank / Branch that is registered with RBI’s RTGS / NEFT system.

AMOUNT OF REMITTANCE:

RTGS:

Minimum amount of remittance under Customer Transaction through RTGS is Rs. 2 Lakh.

NEFT:

Any amount whole in Rupees (without minimum / maximum limits) can be remitted.

CREDIT TO BENFICIARY’S ACCOUNT:

Credit to the Beneficiary Account will be given by Beneficiary’s Bank’s Branch on the same day and in case of holiday / after business hours, credit will be given on next business date.

WORKING OF THE SCHEME:

·Submit the application form in a prescribed format (as per annexure) to RTGS / NEFT enabled Bank Branch.

·Mention Beneficiary Bank and Branch Name with Indian Financial System Code (IFSC) and Beneficiary’s Name, Account Type, Account Number and Amount to be remitted.

·Message will be sent in electronic form in a highly secured manner through RTGS / NEFT System to Beneficiary Bank’s Branch.

·Credit to the Beneficiary Account will be given by Beneficiary’s Bank’s Branch on the same day and in case of holiday / after business hours, credit will be given on next business date.

DENA BANK NEFT RTGS FORM