Digital Banking

 An instant interbank electronic fund transfer service through our JSCBL mobile application.

✓ Instant domestic fund transfer.

✓ Available 365 X 24 X 7

✓ Safe and secure.

✓ Easily accessible.

✓ Free of Cost.

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

✓ There is a limit of below Rs. 2 lakh per transaction.

✓ It is a free of cost facility.

✓ Customers can transfer funds above Rs. 2 lakh to any bank account in India on same day.

✓ The acronym ‘RTGS’ stands for Real Time Gross Settlement, which can be defined as the continuous (real-time) settlement of funds transfers 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.

✓ Timings For Transaction – 24*7*365

✓ It is a free of cost facility.

Benefits:

✓    Minimize risk of transporting cash.

✓    Better Cash Management and Speedy Payment

✓    Saving of Resources and more Quality Time

 ✓ exciting discounts, loyalty programs.

✓ Saves money and quality time.

✓ Better Cash Management and Speedy Payment

✓ ECS debit can help an user eliminate the hassle of actively tracking due dates or payment deadlines.

✓ It eliminates the need for maintaining physically tracking or delivering paper instruments, such as cheques, which saves both money and time