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NEFT - What is NEFT?


National Electronic Funds Transfer (NEFT) is a nation-wide payment system facilitating one-to-one funds transfer. Under this Scheme, individuals can electronically transfer funds from any bank branch to any individual having an account with any other bank branch in the country participating in the Scheme.

RTGS What is RTGS ?


The acronym 'RTGS' stands for Real Time Gross Settlement, which can be defined as the continuous (real-time) settlement of funds individually on an order by order basis (without netting). 'Real Time' means the processing of instructions at the time they are received rather than at some later time.'Gross Settlement' means the settlement of funds transfer instructions occurs individually (on an instruction by instruction basis). Considering that the funds settlement takes place in the books of the Reserve Bank of India, the payments are final and irrevocable.


What is the Full Form of IFSC ? IFSC - Indian Financial System Code


Indian Financial System Code is 11 digit alphanumeric unique code which is used to identify each branch of every bank in India. This code is given on the cheque book of a individuals, firms and corporates and is also required to transfer money through NEFT pr RTGS. Format of the IFSC Code The First 4 letters tells about the name of bank and remaining 7 signifies the branch number.This code can be used to transfer money to any account of this branch using NEFT and RTGS.



First 4 Letters Tells about the Bank Name : T N S C ( Tamil Nadu State Cooperative Bank)


Remaining 7 Signifies the Branch Number : 0011700 ( Nilgiris District Central Cooperative Bank Trichy)



T D C C Bank NIlgiris IFSC Code : TNSC0011700



Transfer of amounts higher than Rs.2.00 lakh can be transferred through RTGS where as amounts lesser than Rs. 2.00 lakh can be transferred through NEFT.



The charges stipulated by the Reserve Bank of India payable by the customers per RTGS / NEFT outward transactions are as follows:



PLATFORMDAYSCUT OFF TIME
RTGSMonday to Friday8.00 A.M to 4.00 P.M
RTGSSaturday8.00 A.M to 1.30 P.M
NEFTMonday to Friday8.00 A.M to 4.00 P.M
NEFTSaturday8.00 A.M to 12.30 P.M


RTGS / NEFT Commission Details


PLATFORMTYPETRANSFER AMOUNTCHARGESService TaxTOTAL
RTGSINWARDNILNILNILNIL
RTGSOUTWARDRs.200000 - Rs.500000Rs.25.00Rs.4.00NILRs.29.00
RTGSOUTWARDAbove Rs.500000Rs.50.00Rs.7.00NILRs.57.00
NEFTINWARDNILNILNILNIL
NEFTOUTWARDUpto Rs.10000Rs.2.50Rs.0.50Rs.3.00
NEFTOUTWARD Rs.10001 - Rs.100000Rs.5.00Rs.1.00Rs.6.00
NEFTOUTWARD Rs.100001 - Rs.200000Rs.15.00Rs.3.00Rs.18.00
NEFTOUTWARD Above Rs.200000Rs.25.00Rs.4.00Rs.29.00


Customers who want to transfer money may fill and submit in the RTGS / NEFT format clearly mentioning the Beneficiary Bank Code, Beneficiary Account Number, Beneficiary Account Type, Amount to be credited etc., to the Branch Manager.



Any enquiry about the receipt of credit in respect of customers account through RTGS / NEFT may be made from our Banks Funds and
Investments Section (Phone Number: 0431-2702441).



Down Load Applications ( NEFT & RTGS )


1. Application for NEFT -Click Here Detailsnew

2. Application for RTGS -Click Here Detailsnew

TNSC Bank - IFSC CODE : TNSC0000001


S.NoName of the Sub MemberIFSC Number
1Chennai Central Cooperative Bank TNSC0010500
2Coimbatore District Central Cooperative Bank TNSC0010000
3Cuddalore District Central Cooperative Bank TNSC0011200
4Dharmapuri District Central Cooperative Bank TNSC0010100
5Dindugal District Central Cooperative Bank TNSC0011700
6Erode District Central Cooperative Bank TNSC0010800
7Kancheepuram District Central Cooperative Bank TNSC0010200
8Kanyakumari District Central Cooperative Bank TNSC0010300
9Kumbakonam District Central Cooperative Bank TNSC0010400
10Madurai District Central Cooperative Bank TNSC0010600
11Nilgris District Central Cooperative Bank TNSC0010700
12Pudukkottai District Central Cooperative Bank TNSC0010900
13Ramanathapuram District Central Cooperative Bank TNSC0011000
14Salem District Central Cooperative Bank TNSC0011100
15Sivagangai District Central Cooperative Bank TNSC0011900
16Thanjavur District Central Cooperative Bank TNSC0011300
17Thoothukudi District Central Cooperative Bank TNSC0012100
18Trichirappalli District Central Cooperative Bank TNSC0011400
19Tirunelveli District Central Cooperative Bank TNSC0011500
20Tiruvannamalai District Central Cooperative Bank TNSC0012000
21Vellore District Central Cooperative Bank TNSC0011600
22Villupuram District Central Cooperative Bank TNSC0012200
23Virudhunagar District Central Cooperative Bank TNSC0011800
24Pondicheery State Cooperative Bank TNSC0160101
25Tamil Nadu Industrial Cooperative Bank (TAICO Bank) TNSC0015000