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 minimum time-frame 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.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 so given that to at cost less than draft charges. For sending the funds through the RTGS all you have to 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 etc. For receipt of the funds your account is automatically credited for which you need to give the IFSC code of our Bank & Branches to the remitter of the funds After the instructions are received in prescribed form, duly signed we will remit the funds through RTGS and funds will be credited to beneficiary’s account. IFSC Code for all our branches are


  • Nandanvan – HDFC0CNB311
  • Dhantoli - HDFC0CNB312
  • Dharampeth- HDFC0CNB313
  • Kamptee - HDFC0CNB314