• IFT facility is introduced with an objective to provide value added service to the customers through ‘instant transfer of funds’ from one account to another account among the Branches connected to ATM Network.

• This facility can be used in lieu of traditional mode of funds transfer such as DD, PO and TTs among the branches connected to ATM switch.

Features

• IFT facility is extended to our Bank Customers only. Both the sender and recipient should have an account with our branches.

• Those who are not maintaining account with our branches cannot avail of this facility.

• Cash cannot be accepted for doing IFT transaction.

• IFT facility will be extended during the business hours of both the sending and destination branches only.

• Maximum amount that can be remitted under “IFT” is Rs.50 lakhs per transaction.

Service Charges

Service charges for Instant Funds Transfer are as follows:

(Amount in Rs.)