Working Of HDFC Bank - 2018-2019 StudyChaCha

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Old January 13th, 2018, 09:48 AM
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Default Working Of HDFC Bank

I want to know the Working Hours of Real Time Gross Settlement RTGS in HDFC Bank so will you tell me?
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Old January 13th, 2018, 10:47 AM
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Default Re: Working Of HDFC Bank

The Real Time Gross Settlement RTGS system is a funds transfer system that is able to provide continuous intra-day finality for individual transfers.

In this system, payment instructions between banks are processed and settled individually and continuously throughout the day.

RTGS Timings

Days RBI cutoff Customer cutoff
Mon-Fri 09:00 AM to 04:30 PM 03:20 PM
Saturday 09:00 AM to 02:00 PM 12:20 PM

RTGS Fees

Charge Structure Charges

Transactions between Rs.1 lacs to 5 lacs - Not Exceeding Rs. 25/- per Transaction

Transactions above 5 lacs - Not Exceeding Rs. 50/- per Transaction

RTGS Features

RTGS provides you the following value added features:

Quicker settlement cycles

Assured finality of settlement

Intra Day Credit/Liquidity

Reduced operational risk of fraud and loss of cheques

Secure transactions

Controlled flow of transactions

Wider day time window for collections / payments

Cuts across geographical boundaries

Cuts across Inter Bank and Clearing House settlement issues

Contact-

Corporate Office

HDFC Bank House
1st Floor,C.S.No.6/242,
Senapati Bapat Marg,
Lower Parel,
Mumbai - 400 013.
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