Electronic Remittance Services of Vijaya Bank

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Electronic Remittance Services of Vijaya Bank
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ECS (Credit Clearing)

• With ECS (Credit), dividend warrant/ interest
  payments due to you, will be credited promptly
  and automatically on the due dates.
• For this to work, you need to give an option for
  ECS (Credit) to the company from whom your
  payments are due
• Institutions like UTI, ICICI, and Tata Finance
  have already started using ECS to make dividend
  payments.

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ECS (Debit/Rapid)

• With ECS (Debit/Rapid) service, utility bills
  like water, telephone electricity can be
  directly debited as and when they are billed.
• For this to work, you are required to give a
  one-time option to your utility company and rest
  is taken care of.
• At present this service is available for
  electricity and telephone bill payments in Mumbai
  and Chennai and is expected to extended to all
  major cities.
• ECS payment returned via SB account is charged
  Rs.22/- per occasion and if it's returned through
  CA/OD/CC A/c then its Rs.29/- per occasion.

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Electronic Funds Transfer NEFT

• NEFT stands for National Electronic Funds
  Transfer and it is an electronic payment channel
  for quick transfer of funds.
• Introduced by RBI for facilitating bank transfer
  of one customer bank/branch to other customer of
  any participant bank/branch.
• At present there are 11 hourly batches during
  which customers can transfer their funds using
  NEFT during weekdays (900-1900) and 5 hourly
  batches on Saturday (900-1300).
• There is no minimum and maximum amount criteria
  for NEFT and it is available at all Core Banking
  Solution Branches (CBS) of Vijaya Bank.
• Charges for NEFT are
• Upto Rs. 10000 Rs. 3.00
• Rs 10000 upto Rs. 1.00 Lakh Rs.6.00
• Above Rs.1.00 lakh to 2.00 lakh Rs.17.00
• Above Rs. 2.00 lakh Rs 29.00

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Electronic Funds Transfer RTGS

• RTGS stands for Real Time Gross Settlement System
  and is considered as a quick mode to transfer
  funds online.
• Set up, operated and maintained by RBI. Vijaya
  Bank is a member of the RTGS.
• One of the quickest ways to transfer funds for
  Corporates and Individuals.
• Amount transfer more than Rs.1.0 lakh can be sent
  / received through RTGS and it's available at all
  Core Banking Solution Branches (CBS) of Vijaya
  Bank.
• For fund transfer, IFSC (Indian Financial System
  Code) of sending bank/branch and receiving
  bank/branch is required.
• Customer timings to submit RTGS requisition
• between 8.00 am to 4.00 pm - on working days
• 2nd and 4th Saturdays - Holidays
• RTGS timings for processing at RBI
• from 8.00. am to 4.30 pm. - on working days
• 2nd and 4th Saturdays - Holiday.
• Charges for RTGS are
• Rs. 34.00 for fund transfer between Rs.2.00 lakh
  to less than Rs.5.00 lakhs
• Rs.63.00 for fund transfer above Rs. 5.00 lakh
  and above.

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VIJAYA BANK

• Vijaya Bank is a PAN India Institution, serving
  diverse sectors of the society
• The Bank offers a bouquet of innovative and
  attractive products and services to its
  customers. It has also incorporated a host of
  latest Digital Banking products, to provide the
  best services to its customers.
• Digital Banking services are
• VPAYQWIK
• Mobile Banking
• Net Banking
• Vijaya UPI
• Twitter banking and many more
• For details, visit https//www.vijayabank.com

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THANK-YOU