Codes to be used for RTGS/NEFT
This query is : Resolved
Tejash Raval
(Querist)
16 April 2009
Respected All,
Pls tell me that For Payment remittance RTGS & NEFT there is COMMON IFSC CODE to be used or there are different codes for RTGS & NEFT?
if different code is used for both then for
which transaction IFSC Code is used?
Respected All,
Pls tell me that For Payment remittance RTGS & NEFT there is COMMON IFSC CODE to be used or there are different codes for RTGS & NEFT?
if different code is used for both then for
which transaction IFSC Code is used?
16 April 2009
The remitting customer has to furnish the IFSC code of the receiving branch to a bank for effecting a RTGS remittance.
The beneficiary customer can obtain the IFSC code from his branch. The IFSC code is also available in the cheque leaf. This code number and bank branch details can be communicated by the beneficiary to the remitting customer.
The beneficiary customer can obtain the IFSC code from his branch. The IFSC code is also available in the cheque leaf. This code number and bank branch details can be communicated by the beneficiary to the remitting customer.
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Tejash Raval
(Querist)
16 April 2009
Sir,
Same is applicable in case of NEFT?
Same is applicable in case of NEFT?
Deepak Goel
(Expert)
16 April 2009
RTGS code and NEFT code are same but RTGS is to be used for more then 100000/- remittance and NEFT is used for less then 100000/-
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