• +91 990 904 5127
  • info@vmcbl.com


  •  For electronic fund transfer facility the Reserve Bank of India has introduced National Electronic Funds Transfer System (NEFT) system. Through NEFT the fund can be transfer among the member Banks.
Objectives of NEFT
  •  Credit to Beneficiary’s Account on the same day/next day if remittance done late in the evening.
  •  Safest and Secure Mode of Fund Transfer.
  •  No charges for inward Remittance.
  •  Money can be put to use by beneficiary on the same day or next day.


  •  The Veraval Mercantile Co-operative Bank Ltd. offers Real Time Gross Settlement (RTGS) facility to its customers this service with No charges.
Objectives of RTGS
  •  Minimum amount per transaction Rs. 2 Lacks
  •  Transfer Your Funds Anywhere in India in minutes (Selected Banks and Branches)
  •  The beneficiary bank credits the beneficiary account within two hour of receiving the funds message.


  •  Immediate Payment Service is a Inter-bank fund transfer service. It is instant and in real-time unlike NEFT and RTGS. The Veraval Mercantile Co-operative Bank Ltd. provides IMPS facility to its customers Completely Free.
Objectives of IMPS
  •  Easy fund transfer using Mobile phones
  •  IMPS It is instant and 24 X 7 available including bank holidays
  •  No need to wait for banking hours as transaction done online

      Value Based Limits

      •  The value based limits w.e.f. 24th January 2023 - per customer per day limits on outward RTGS / NEFT / IMPS transaction will be under;
      During Business Hours
      •  for NEFT & RTGS Rs. 25 lakh
      •  for IMPS Rs. 5 lakh
      During Non-Business Hours or Bank Holidays
      •  for NEFT & RTGS -- NIL --
      •  for IMPS Rs. 5 lakh
      Do you have any questions ? Feel free to contact us !