![]() The Bank shall be entitled, at its sole discretion, to accept and process or reject such RTGS Request. To avail/ use the facility of RTGS Request, a customer shall submit to the Bank an RTGS Request. “Words or expressions used in these Terms of Service (Terms & Conditions), but not specifically defined herein shall have the respective meanings assigned to them by the Bank or the RBI from time to time”. "RTGS Request" means an unconditional RTGS instruction issued by the customer to the Bank, in form, manner and substance as the Bank may prescribe or require including Internet banking channel, to effect a transfer of funds for a sum of money expressed in Indian rupees, to the designated account of a designated beneficiary in India with a scheduled bank, that shall be effected by debiting the account of the customer.Īll references to singular include plural and vice versa.Īll references to any gender shall include the masculine and also the feminine as well as neutral gender. “Regulations” shall have the meaning given to that term in clause 2 of these Terms of Service (Terms & Conditions) and shall include RTGS (Membership) Business Operating Guidelines, 2004 and RTGS (Membership) Regulations, 2004. “RTGS Business Day” shall mean a day other than (i) Sundays and national holidays (ii) a day on which RBI does not provide RTGS, or (iii) a day on which normal business cannot be transacted due to storms, floods, bandhs, strikes etc. "Account(s)" refers to the customer's bank account(s) maintained with State Bank of India, to be used for payments through RTGS, in addition to regular banking operations. "Customer" shall mean the applicant/ remitter availing InterBank Transfer facility made available through OnlineSBI. "OnlineSBI" means Internet Banking facility offered by State Bank of India. "Bank" means State Bank of India, incorporated under the State Bank of India Act, 1955 and having its Corporate Office at Madame Cama Road, Mumbai – 400 021, herein after called the Bank, (which expression shall, unless it is repugnant to the subject or context thereof, include its successors and assigns). Hereinafter the above guidelines and regulations will be collectively referred to as the “Regulations”. “RTGS (Membership) Regulations, 2004” shall mean the Real Time Gross Settlement System (Membership) Regulations, 2004 issued by RBI, and any amendment/modification of the same from time to time. “RTGS (Membership) Business Operating Guidelines, 2004” shall mean the Real Time Gross Settlement System Business Operating Guidelines, 2004 issued by RBI, and any amendment/modification of the same from time to time. "RTGS" means the Real Time Gross Settlement System of RBI. In these Terms of Service (Terms & Conditions), unless the context indicates otherwise, the following words and phrases shall have the meanings indicated against them: IFSC code of the receiving branch.(IFSC Code is printed on cheque leaves.RTGS Terms of Service (Terms & Conditions) ![]() Information Required for transfer of Funds State Bank of India Offers Real Time Gross Settlement System (RTGS) & National Electronic Fund Transfer system (NEFT) which enables an efficient, secure, economical and reliable system of transfer of funds from bank to bank as well as from remitters account in a particular bank to the beneficiarys account in another bank across the country.Īn electronic payment system in which payment instructions between banks are processed and settled individually and continuously, on a real time basis, throughout the dayĪvailable for transaction value of Rs.2.00 lacs and above Hello Buddy, I want to Download State Bank of India Application For Remittance RTGS, Here Will you plzz Provide me Same ? ![]()
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