IDBI DD/NEFT/RTGS Form
RTGS (real-time gross settlement) and NEFT (national electronic funds transfer) are electronic payment systems that allow individuals to transfer funds between banks. Fund transfer under NEFT is settled in batches as opposed to the real-time settlement process in RTGS.
IDBI DD/NEFT/RTGS Form
It is to be noted that service charges applied to fund transfer via RTGS initiated online have been temporarily suspended. Customers can use a digital banking platform to process RTGS transactions for free.
RTGS transactions are processed in IDBI Bank branch offices between 9:00 AM to 4:15 PM from Monday to Friday and between 9:00 AM to 1:00 PM on 1st, 3rd and 5th Saturdays.
NEFT transactions are processed between 8:00 AM to 7:00 PM from Monday to Saturday (except 2nd & 4th Saturdays and bank holidays).
IDBI Bank NEFT transactions take place in batches. The timings for NEFT transactions are listed below.
| IDBI Bank NEFT Timings(Weekdays) | 8:00 AM to 7:00 PM |
| IDBI Bank NEFT Timings(Working Saturdays) | 8:00 AM to 7:00 PM |
IDBI Bank RTGS timings for same-day processing of outward transactions are listed below:
| IDBI Bank RTGS Timings(Weekdays) | 9:00 AM to 4:15 PM |
| IDBI Bank RTGS Timings(1st, 3rd Saturdays) | 9:00 AM to 1:00 PM |
Download the IDBI DD/NEFT/RTGS Form in PDF format online from the link given below.