DCB Bank is a private bank with headquarters in Mumbai, Maharashtra. The bank was established in the year 1930. DCB Bank has a network of 310 branches and 515 ATMs spread across 19 states and 3 union territories in the country. The bank offers online banking facility through the following methods.
- NEFT is an electronic fund transfer system in which the transactions are settled in batches.
- There is no minimum or maximum ceiling for NEFT transfers.
- The transactions are settled between certain time intervals. Transfers done after the expiration of the final cycle are taken up on the next working day.
- NEFT timings are between 8am and 7pm on weekdays while the timings on Saturdays are between 8am and 1pm.
- Transaction charges vary between Rs 2 and Rs 50 depending upon the amount. Extra service tax is also charged.
- There are usually 12 settlements on weekdays and 6 settlements on Saturdays.
- No settlements are done on second Saturdays and public holidays.
- RTGS transactions are settled in real time. The bank where the beneficiary account is located get 30 minutes to credit the transferred amount.
- Maximum transaction of 50,000 is allowed per day
- The minimum amount that is required for RTGS transaction is Rs 2 lakh.
- RTGS is done between 9am and 4:30 pm on weekdays and between 9am and 2pm on Saturdays.
- Transaction charges are between Rs 25 and Rs 50 according to the amounts.
IMPS transfer is enabled by mobile phones at any time on any day of the year. This is a very fast fund transfer method.