Terms and conditions – During Fund transfer

• It is the responsibility of the applicant to ensure the correctness of the uploaded information with regard to the name of the beneficiary, IFSC Code of the Recipient / Destination Branch and Account Number of the Beneficiary etc. It is made amply clear that the NEFT/RTGS System works based on the name of the beneficiary, IFSC Code and the Beneficiary’s Account Number.
• An acknowledge of receipt of a NEFT / RTGS payment instruction shall not be construed as binding the bank to execute the same, if any of the information provided by the applicant is incorrect and if the same in transmission is rejected due to any mistakes in the uploaded information. It is also not binding on the part of the Bank to send NEFT / RTGS if there is any disruption of the NEFT / RTGS services due to internal or external factors.
• NEFT / RTGS requisition must be received before the cutoff time stipulated by the Bank. If application is received after the said cutoff time, transfer of funds shall be affected on the next working day.