Abhyudaya Co-operative Bank Ltd.

"Abhyudaya Bank - Now Corporate Agent of LIC of India and the New India Assurance Co. Ltd. all types of Policies available through network of our Branch"

Recruitment for the post of Personnel Manager

" Per day limit of ATM withdrawal is increase to Rs.25,000/- for our Customers "

NEWS AND EVENTS

Abhyudaya Bank in pursuit of Growth

TeleBanking
1) Latest balance information
2) Account Transactions
3) Inward clearing cheque details
4) Details of another account (Switch)
5) Change of Pin

Fax on demand
1)  Statement of Account (Specific date)
2)  Latest balance
3)  Inward clearing cheque details

Facility of Franking of Documents availabl at our following branches :
Dadar (West), Vashi, New Panvel

Safe Deposit Locker facilities available at various branches.
* Reliance Energy, BEST, MSEB Bills collection facility available at selected branches.
* ICICI and HDFC Demand Draft payable at various centres all over India is available at
   our various branches.

The Real Time Gross Settlement (RTGS) System aims to do what e-mail did for the post card. Instead of sending instructions for payments through cheques, with Real Time Gross Settlement System banks can route payments through on-line messages to RBI’s RTGS Payment Gateway. As electronic messages move instantaneously the transactions can be concluded immediately unlike in the case of cheque clearing. In RTGS environment the payer has to inform his bank to debit his account and credit the payee’s account with an equivalent amount. With RTGS, money would move faster and transactions would be settled in a matter of minutes and the payee would have funds in his account within a maximum time-frame of two hours of the settlement. RTGS is an electronic payment system of Reserve Bank of India which provides online settlement between participating Banks continuously throughout the day. Using RTGS Customers of the Bank can make payment to the beneficiary’s account in another Bank.

RTGS facilitate the funds transfer across the Banks and Branches. At present 95 Banks and 1435 Branches are under RTGS system. Under RTGS system Inter Bank transactions and Customer Transactions has been enabled by the Reserve Bank of India.

Customer Transaction can be outward or inward remittances i.e. Funds can be transferred by or received by the Customer under RTGS system. The unique feature of the system is unlike other clearing system in RTGS Funds can be transferred or received Just In Time i.e. within 2 hours of instructions so given that to at cost less than draft charges.

For sending the funds through the RTGS all you have to do is fill & sign the Funds Transfer Instruction Form ( available at Branches ) along with all the necessary details, such as Name of the beneficiary, Name of the Bank and Branch, A/c No. and IFSC Code of the beneficiary’s Bank. For receipt of the funds you need to give the IFSC Code of our Bank & Branch to the remitter of the funds. After the instructions are received in prescribed form, duly signed in we will remit the funds through RTGS and within 2 hours funds will be credited to beneficiary’s account.