Financial Daily from THE HINDU group of publications
Thursday, Jul 14, 2005
Financial Daily from THE HINDU group of publications Thursday, Jul 14, 2005 |
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Money & Banking
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Private Banks Karnataka Bank RTGS facility for customers Our Bureau
Mangalore , July 13 KARNATAKA Bank Ltd will introduce `Money Quick' - a funds transfer facility under Real Time Gross Settlement (RTGS) system - from July 15. A bank release said here on Wednesday that the customers at its 280 offices could avail themselves of this facility and make instantaneous transfer of funds to beneficiary's account at other banks at a nominal cost. Similarly, the customers of the bank can also get instant transfer of funds to their accounts from parties of other banks, provided those banks offer similar facility. The release said that the bank, which is a member of RTGS system since July 16, 2004, has been settling inter-bank transactions in Mumbai. Now its customers can use RTGS facility branded as `Money Quick'. The bank is embarking on a slew of technology-enabled products in the near future in tune with customer needs, it said.
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