Tech Banking Electronic payments

EASY, SECURE AND FREE ELECTRONIC FUND TRANSFERS TO OTHER BANK ACCOUNTS

Real Time Gross Settlement (RTGS)

  • FREE Transfer of funds to any account in any bank branch enabled for RTGS in a fastest way
  • For remittance of Rs.2 lakh and above
  • Customer is required to provide beneficiary's account number, name, address, bank and branch name
  • Timings : Monday to Friday 8 a.m. to 4.15 p.m. 1st & 3rd Saturdays 8 a.m. to 1.30 p.m

National Electronic Fund Transfer (NEFT)

  • FREE Transfer of funds to any account in any bank branch enabled for NEFT within the same day. Any customer of any Branch for any amount
  • Customer is required to provide beneficiary's account number, name, address, bank and branch name
  • The beneficiary s bank account is credited on the same day. (If the remittance is in the afternoon, the amount may be credited on the next day)
  • For non-customers NEFT is available against cash remittance up to Rs.50000/-
  • Timings: Monday to Friday 9.00 a.m. to 4.00 p.m. Saturdays 9.00 a.m. to 11.00 am

  • FREE IMPS (Immediate Payment Service) from CUB Net / CUB Mobile helps you to transfer funds instantly and securely. We enable you to transfer funds from your CUB account to any bank account. The beneficiary account is credited immediately when a fund transfer request is made.
  • IMPS service is available 24x7, throughout the year including Sundays and on any bank holiday.

National Automatic Clearing House (NACH)

  • NACH (National Automatic Clearing House) is an NPCI initiative which aims at facilitating interbank high volume low value debit/credit transactions which are repetitive in nature, electronically using the NPCI service.The end objective is that of consolidating the current multiple ECS systems and removing local barriers / inhibitors by standardization.NACH allows multiple file processing in a single settlement which involves payments to vendors or contractors or direct-deposit payroll payments.Each NACH mandate is uniquely identified by Unique Mandate Reference Number (UMRN) which makes tracking of multiple mandate making it easier to check the status of their transactions without delay. Same day presentation and settlement, including returns processing.