Reg. No: SA 2914 Dated : 27 Jan. 1995
License No: UBD Guj-1153 P Dated : 01 July 1995

RTGS / NEFT

Real Time Gross Settlement/National Electronic Fund Transfer

Varachha Bank provides RTGS/NEFT Facility.

   RTGS/NEFT is one of the safest secure modes of fund transfer.

Customer must be submit below required Information

Required Information
1 Amount to be remitted
2 Remitting customer's account number which is to be debited
3 Name of the beneficiary bank
4 Name of the beneficiary customer
5 IFSC of receiving branch
6 Account number of the beneficiary customer

Transactions Charge

   The structure of charges that can be levied on the customer for RTGS/NEFT is given below:

Charges of RTGS

Inward Transaction

  • Free, no charge to be levied.

Outward transactions(If Opening balance less than RTGS amount)

  • Rs. 2 lakh to Rs. 5 lakh - not exceeding Rs. 30 per transaction.
  • Above Rs. 5 lakh - not exceeding Rs. 55 per transaction.

Charges of NEFT

Inward Transaction

  • Free, no charge to be levied.

Outward transactions(If Opening balance less than NEFT amount)

  • For transactions up to Rs 10,000 : Rs 2.50 (+ Service Tax)
  • For transactions above Rs 10,000 up to Rs 1 lakh : Rs 5 (+ Service Tax)
  • For transactions above Rs 1 lakh and up to Rs 2 lakhs : Rs 15 (+ Service Tax)
  • For transactions above Rs 2 lakhs : Rs 25 (+ Service Tax)

IFSC code of Our Bank

Branch Code Branch Name IFSC Code
002 Affil Tower VARA0289001
003 Kamrej VARA0289002
004 Ring Road VARA0289003
005 Kadodra VARA0289004
006 Kapodra VARA0289005
007 Katargam VARA0289006
008 Punagam VARA0289007
009 Sachin VARA0289008
010 Navsari VARA0289009
011 Ahmedabad VARA0289010
012 Ankleshwar VARA0289011
013 Yogichowk VARA0289012
014 Mota Varachha VARA0289013
015 Sarthana   VARA0289014
016 Hirabaug    VARA0289015
017 Ved-Dabholi VARA0289016
018 Adajan VARA0289017
019 A K Road VARA0289018
020 AMROLI VARA0289019
021 KARGIL VARA0289020
022 PAL VARA0289021

 

Benefits of RTGS/NEFTServices

  • Avoid long waiting period
  • Credits The Beneficiary's A/c The Same Day Through RTGS
  • Credits The Beneficiary's A/c The Same Day/Next Day If Remittance Done Late In The Day       
  • No need of physical cheque/Demand draft
  • Reduces time/cost/effort
  • Reduces Paper work and improves efficiency
  • Varachha bank RTGS/NEFT is free of cost for any amount (at opening Balance)

Guideline for Customer

Transfer Limit

  • For RTGS Eligibility : Transactions Above 2 Laces.
  • For NEFT Eligibility : No Limit

Service Time

  • 10:00 am to 03:00 pm (Monday to Saturday)

Contact us at:
The Varachha Co-Op. Bank Ltd.
(RTGS / NEFT Dept.)
Mezzanine floor, Aadtiya avas,
Old Bombay Market,
Umarvada, Surat.


Tele : 0261-2308084


Email : rtgshelpdesk@varachhabank.com

Email : nefthelpdesk@varachhabank.com