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Real Time Gross Settlement (RTGS): <<Download RTGS Application Form>>

RTGS is a payment system in which both processing and final settlement of fund transfer instructions take place on real time basis. It is a gross settlement system where fund-transfers are settled individually, i.e. without netting debits against credits. RTGS effects final settlement continuously and the settlements are immediate, final and irrevocable. Each Bank branch participating in the RTGS is identified by a unique Indian Financial System Code (IFSC). [Click Here] to get the IFSC code for your Branch.

With the advancement of the Technological changes in the Banking industry the RTGS introduction has become a boom in settling the Interbank funds instantaneously. The Customer can avail this facility and make instantaneous transfer of funds to beneficiary`s account Karnataka Bank became a member of Real Time Gross Settlement (RTGS) System from 16th July 2004 and has been settling Inter-Bank transactions in Mumbai since then. MoneyQuick services can be accessed by customers which uses RTGS service. This MoneyQuick facility provides INTERBANK funds transfer.

The minimum amount for Interbank funds transfer facility for customers under MoneyQuick is fixed at Rs. 2,00,000 (Rupees Two Lakh only).

Service Charges for outward customer transactions - Rs.2 lakh to Rs.5 lakh is Rs.25/- and for Above Rs.5 lakh is Rs.50/- per transaction plus service tax.
Service Charges for Inward customer transactions - FREE.

RTGS TransactionsTimings
On Working week days Monday to Friday 9.00AM to 4.30PM
On Working Saturdays 9.00AM to 1.00PM
On Sundays and Public HolidaysNo Transaction Allowed

Terms & Conditions for RTGS facility - MoneyQuick

NEFT Transactions Timings
On Working week days Monday to Friday
(Subject to Scheduling of NEFT Batch Process timings)
8.00AM to 7.00PM
On Working Saturdays 8.00AM to 1.00PM
On Sundays and Public HolidaysNo Transaction Allowed

NEFT-Customers Facilitation Centres:-   Click here


Western Union Money Transfer (WUMT):

Western Union Financial Services International has a legacy of public trust built through more than 150 years of extra ordinary continuous service. This international money transfer system facilitates quick, secure, reliable and convenient transfer of funds all over the world.

Neither the sender nor the receiver has to have a Bank account with us and the receiver pays no fee. The person who remits you the money will fill in a prescribed form giving details of beneficiary and deposit the money along with the requisite service charges (fee) at its agent abroad. The remitter will give one Test Question and its answer for identification of beneficiary. The remitter then gets a receipt with Money Transfer Control Number (MTCN) which he will inform to you as the beneficiary of the transfer. The amount so deposited will be available to you within 10 seconds.

You walk into any of the branches of our Bank offering this facility in India, fill in the form giving information available with you including MTCN, test question etc., along with proof of identification like ration card / driving licence / voter identity card / credit card etc. The paying branch will access the Western Union System for authorisation and make payment.

Western Union - India Call Center Number - Toll Free - 1800 425 1851 (9 am to 9 pm - 7 days a week - 365 days a year)

Designated Western Union Money Transfer Branches



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