MAHABANK INSTA REMIT SCHEME (RTGS)

1. Name of the scheme – MAHABANK INSTA REMIT SCHEME (RTGS) Customer services – funds transfer

   Under the scheme services are expanded to the customers for funds transfer from one Bank/Branch to another Bank/Branch. Thus there will be two types of customer related inter bank funds transfers as under:

   1. when BoM customer wants to transfer funds to another bank/branch
   2. other bank/branch customer wants to transfer funds to BoM customer.
      
      
2. Services available at branches
   • For funds transfer both the branches of two different banks must be RTGS enabled.
   • Customer will have to fill up a request cum application form and accept terms and conditions.
   • Customer to mention correct and complete details such as bank/branch, IFSC code, name and account number of the beneficiary etc. in an application form.
   • Such request will be accepted taking into account the timing stipulated by RBI which at present is as under:

   Operating session	Timing
   Customer payments	0900 – 1430

   • System assures credit within two hours during normal course
     
     
3. Charges
   No charges for any inward messages - For outward messages : FREE
   
   
4. Business rules
   As per RBI instructions/guidelines only

LIST OF BRANCHES FOR RTGS