NEFT (NATIONAL ELECTRONIC FUND TRANSFER)

National Electronic Funds Transfer (NEFT) is an electronic funds transfer system which enables transfer of funds to other bank accounts across the country. The advantage with NEFT is that it is a secure, safe, quick and cost-effective mean to transfer funds especially for retail remittances.

At The Taliparamba Service Co-operative Bank, we undertake transfer of funds up to Rs. 2,00,000 to accounts maintained by any bank branches in India instantly by NEFT. For this, we have sought the partnership of major commercial Bank ICICI. This makes our NEFT fund transfer services efficient, convenient and fast.

RTGS (REAL TIME GROSS SETTLEMENT)

Real Time Gross Settlement(RTGS) refers to fund transfer systems in which the transfer of money or securities takes place from one bank to another on a ‘real time’ and on ‘gross’ basis. In Real Time settlements, payment transaction is not subjected to any waiting period. The transactions are settled as soon as they are processed. ‘Gross settlement’ means that the transaction is settled on one to one basis without netting with any other transaction.

The Taliparamba Service Co-operative Bank undertakes transfer of funds with the minimum amount of transfer to the accounts maintained by you to any bank branches in India instantly by RTGS through major Commercial Bank.

Inward Remittance

Facility to transfer fund to Taliparamba Service Co operative Bank from any bank through internet banking. 

Beneficiary account details:

Account number: 17 digit account number prefixed with TYP

IFSC: ICIC0000103