RTGS or Real Time Gross Settlement is a fund transfer mechanism that lets you transfer money almost instantly. The transfer request can be made on the operating window which from 9 AM until 4:30 PM on weekdays and 9 AM until 2 PM on Sunday. TO initiate an RTGS request, you need to fill the RTGS form which requires certain financial details of your accounts as well as the beneficiary’s account. To experience the ease of this service, opt for the online RTGS rather than visit the branch. The time taken to process a fund transfer is almost equal to instant. One must note that the transfer of amount cannot be initiated if the fund amount is less than Rs. 2 lakh.
NEFT or National Electronic fund transfer is a system used for one on one bank transfers. Being a national wide system, it is one of the popular ways of transferring funds online. You should activate an online bank account system or net banking. Login using your user ID and password. Proceed towards the NEFT fund transfer section and add beneficiary details such as name, their bank account number and IFSC code. After adding the beneficiary detail, all you have to do is to add the fund amount and transfer. NEFT transactions can be done only during the bank’s working hours. In the case of NEFT, there are no upper and lower limits.
Each of these services requires certain vital financial information of yours and your beneficiary’s account. Finding the IFSC code and MICR code is never a hassle. There are lots of ways of finding one. Gaze through your chequebook or passbook, check the bank website or on your mobile bank app. Another effortless way to find the IFSC code and MICR code of Jammu & Kashmir Bank (J And K Bank) is to use a third-party website like mybankdetail.com. All you got to do is select the correct details from the drop-down list such as Jammu & Kashmir Bank (J And K Bank), location. District and State. You will see all the information about the bank on our page.