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Real Time Gross Settlement
 Real Time Gross Settlement

Real Time Gross Settlement (On line Funds Transfer to other banks)

 What is RTGS?

Real Time Gross Settlement System (RTGS) is a funds transfer mechanism where transfer of money takes place from one bank to another  on a real time basis. In other words, this is an electronic payment processing environment wherein transactions are settled as soon as they are processed.

 Who can avail this facility

Only customers of the branch where they are having Savings/Current Accounts

 In what way it is beneficial to the Customers

Customer can remit funds to the account of another RTGS enabled bank branch
The funds are transferred instantaneously at nominal charges

  Min Amount for Transfer

Rs 2.0 lakhs

 Max Amount for Transfer

No Limit


RTGS Transaction Service Charges
Inward Transaction Free
Outward Transaction From Rs.2.00 lakhs
Upto Rs.5 lakhs
Above Rs.5 lakhs
Between 9.00 hrs to 12 hrs Rs. 25.00 Rs. 50.00
After 12.00 hrs to 15.30 hrs Rs. 26.00 Rs. 51.00
After 15.30 hrs Rs. 30.00 Rs. 55.00
 What the customer must have for remittance

IFSC of the bank branch to which the remittance to be made (IFSC is 11 characters code)
Beneficiary account number, Name and Address (to whom the remittance is intended to )
Approach the branch with the above details

 How to get the IFSC of the branch
  • It is available on the cheque leaf supplied by the bank
  • Can also get from the branch
 What is the time frame for reaching the funds at the other end


Cut off time for remittance through RTGS

Monday to Friday : 0900 hrs to 1600 hrs
Saturday            :    0900 hrs to 1330 hrs
RTGS works on all days except on Sundays and National Holidays

Important - Account Number

Outward :
While remitting the funds, Account Number of the beneficiary is to be mentioned correctly in the voucher (to whom the remittance is intended to ).
Inward : While seeking remittance from other bank Customers it is mandatory to quote your 15 Digit Finacle Account Number compulsorily.


For further details and redressal of RTGS complaints, please contact at following address:
Andhra Bank, Service Centre,
11, Homi Modi Street, Bansilal Building
Fort, MUMBAI 400 001
Phone : 022-22610228/22610106
email: neftcell@andhrabank.co.in

Click here  for RTGS enabled branches


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News & Events

Click here for Notice of Annual General Meeting and Record Date for Payment of Dividend

Waiver of processing charges in Housing Loans, Car Loans, Two wheeler loans, Consumer durables, Clean Loans for the festive season from 25.09.2014 to 31.12.2014

The existing customer grievance redressal mechanism would also cover the complaints relating to outsourcing

Use your Visa Debit Card for shopping in POS/Online within 3 months of card issuance & get 5% Cash back. Offer applicable to cards issued after December 2013,T&C Apply


You can now donate to Shri Saibaba Sansthan Trust, Shirdi through IMPS-Mobile Banking.

Form 15G/15H has to be submitted afresh at the beginning of each financial year to avail exemption/concession in TDS. Quoting of PAN is mandatory for availing such exemptions/concessions.

All our Banks cheques are payable at par henceforth. We request all our customers to surrender their old cheque books at their account branch and obtain CTS 2010 Standard Cheque books immediately.

We request all our customers who have issued postdated cheques for repayment of loan installments for loans availed by them to replace the old PDCs with new CTS 2010 Standard cheques.

Online Grievance Redressal System with Tracking

Online Applications for MSME and Retail Loans

Online Donations to charitable institutions through net banking

Online resetting of Internet Banking Login Password

Interbank transfer of Funds through Mobile Banking using IFSC code

As per RBI mandate, cash retraction facility is discontinued from our ATMs. Do not forget to collect cash before leaving ATM room.

Any customer of SB/Current Account group could walk in to any branch of the Bank to deposit money in his/her account maintained at any branch and there will be no charges on this for any amount.

Fictitious Offers of Cheap funds from abroad - Awareness Campaign - List of Nodal Agency (Cyber Crime Cell / Economic Offence Wing)

Complain to Local Police/Cyber Crime Authorities against Fictitious Offers of Money from Abroad

PPF and SCSS schemes

Do Not fall Prey to Fictitious Offers of Funds Transfer

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