![]() It helps facilitate large scale transactions and provides banks with an efficient and secure way to settle payments in real time. RTGS is a secure and reliable system used by banks for a variety of purposes including high value payments, interbank transfers and settling financial market transactions. This eliminates the risk of settlement or credit risk. This means that the transactions are settled immediately and on a gross basis. RTGS enables large value transactions between banks to be processed in real time. Considering that the settlement of funds takes place in the books of the Reserve Bank of India, the payments made through RTGS are final and irrevocable. 'Gross Settlement' indicates that the settlement of fund transfer instructions occurs individually (on an instruction-by-instruction basis). ![]() 'Real Time' indicates that the processing of instructions happens at the time they are received rather than at some later time. In other words, your request to transfer or settle funds is carried out immediately, instead of the same happening in batches (as is the case in NEFT). Simply put, it is the process of continuous (real-time) settlement of funds, which occurs individually, on an order by order basis, without netting. ( Click here for the list of billers).The acronym 'RTGS' stands for Real-Time Gross Settlement. Pay utility bills of a wide number of billers across India.( Click here to discover the NEFT locations) Transfer funds to non-ICICI Bank accounts using National Electronic Funds Transfer (NEFT)/Real-Time Gross Settlement (RTGS) facilities.Get receipts of fund transfer from channel partners with ICICI Bank accounts.Transfer funds from your account to channel partners with ICICI Bank accounts.Transfer funds within your own ICICI Bank accounts (self-account transfers). ![]() Access ‘Trade MIS’ to view all your trade-related banking information.Request for cheque books, stop-payment instructions and create Fixed Deposits (FDs).Subscribe for receiving account statements through e-mail.Download account statements in six formats.Get real-time information about your account balance.Here are some key facilities that our CIB facility offers you. Key features of our corporate internet bankingĪvail our corporate internet banking services to access a variety of secure and user-friendly banking features. Reimbursement financing Reimbursement financing and moreĬare Care for Self, Care for Employee and more Payables financing Payables financing and more Targeted Long Term Repo Operation (TLTRO) Targeted Long Term Repo Operation (TLTRO)įoreign Currency Convertible Bond (FCCB) Foreign Currency Convertible Bond (FCCB)ĭomestic Factoring Domestic Factoring and moreĮxport factoring Export factoring and more Non-convertible debentures Non-convertible debentures and more Mutual fund backed Overdraft Mutual fund backed Overdraft and moreįixed Deposit backed Overdraft Fixed Deposit backed Overdraft and more Post shipment credit Post shipment credit and moreįoreign Currency Non Resident Account (FCNR B) Foreign Currency Non Resident Account (FCNR B)Įxternal Commercial Borrowing (ECB) External Commercial Borrowing (ECB) Working capital demand loan (WCDL) Working capital demand loan (WCDL)Įxport packing credit / pre shipment credit in foreign currency (EPC/ PCFC) Export packing credit / pre shipment credit in foreign currency (EPC/ PCFC) One time short term loan (OTSTL) One time short term loan (OTSTL) ![]() Line of credit for short term loan (LOCSTL) Line of credit for short term loan (LOCSTL) CMS facility – for cheque collection CMS facility – for cheque collectionįoreign currency term loan (FCTL) Foreign currency term loan (FCTL)
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |