RTGS - IDBI Bank RTGS

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RTGS - IDBI Bank RTGS

Overview

Nowadays when time is of essence, IDBI offers, Real Time Gross Settlement (RTGS) payments & Receipts system, a solution for faster and most efficient settlement system for our esteemed customers. This payment mechanism will enable funds to be received by the recipient intra-day, rather than the net settlement system exchanges that occur at the end of the banking hours.

The RTGS product would provide the following benefits:

Speed – Guaranteed & Fast settlement of transactions

High Liquidity – Lowering interest costs

Better Funds Management - Ensures optimum planning and utilization of funds

Hassle free High Value settlement - Elimination of collections thru physical H/V clearing

Reduces Paper work and improves efficiency

Eliminates "Settlement Risk" & "Systemic Risk"