List of Services:


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 a maximum time-frame of two hours 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. At present 95 Banks and 1435 Branches are under RTGS system. 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 i.e. within 2 hours of instructions so given that to at cost less than draft charges.
For sending the funds through the RTGS all you have to do is 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.

For receipt of the funds you need to give the IFSC Code of our Bank & Branch to the remitter of the funds.
After the instructions are received in prescribed form, duly signed in we will remit the funds through RTGS and within 2 hours funds will be credited to beneficiary’s account.


GANDHIBAG SAHAKARI BANK is proud to offer the National Electronic Fund Transfer system (NEFT) facility.

NEFT enables an efficient, secure, economical and reliable system of transfer of funds between accounts of customers of different Banks.

Features and Benefits

  • Electronic payment system in which payment instructions between banks are processed and settled on deferred net settlement (DNS) basis at fixed times during the day.
  • There is no minimum or maximum stipulated transaction value for using this facility.
  • NEFT facility is available in all the branches of our Bank.
    Funds transferred under NEFT will be credited to the beneficiary’s account on the same day or next day.
  • Inward remittance is free.
  • No courier/postal charges payable by customers.
  • Secured Transfer of funds across the Banks.

Information required for Transfer of funds

  • Sender’s Account number
  • Sender’s Name
  • Amount of Transaction
  • Beneficiary Account number
  • Beneficiary Name
  • Beneficiary Bank Name
  • Beneficiary Branch Name
  • IFSC of the receiving branch. (IFSC is printed on cheque leaves or available in RBI Website.) Sender to receiver information, if any


Inward remittances: No Charge

Outward Payments:

RTGS   Value Band

Customer Charges


Rs. 2 to 5 Lakhs

Rs. 25/- + S.T.

10 am to 4 pm

Above Rs. 5 Lakhs

Rs. 50/- + S.T.

NEFT  Value Band

Customer Charges


Upto Rs. 1 Lakhs

Rs. 5/-+ S.T.

10 am to 4.30 pm

Above Rs. 1 Lakh

Rs. 25/- + S.T.



GANDHIBAG SAHAKARI BANK LTD offers Safe Deposit Lockers facility to its Customers at selected Branches. The facility is made available throughout business timings of the Branch.

List of the Branches offering Safe Deposit Locker Facility

  • Main Branch, Mahal 
  • Maskasath Branch (GKT), Maskasath


Lockers Size

Lockers Rent



Rs. 800/- + S.T.p.a.



Rs. 1500/- + S.T.p.a.



Rs. 1500/- + S.T.p.a



Rs. 2300/- + S.T.p.a



Rs. 2500/- + S.T.p.a



Rs. 3000/- + S.T.p.a



Net Banking


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