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State wise list of Royal Bank of Scotland IFSC code, MICR code and addresses of all branches in India
(used for RTGS and NEFT transactions)
|MICR Code||MICR not provided.|
|Bank||ROYAL BANK OF SCOTLAND|
or Choose State from list below
With the introduction of online fund transfer in the form of NEFT and RTGS, money transfers have become not just easier, but also quicker. The National Electronic Fund Transfer (NEFT) and the Real Time Gross Settlement (RTGS) are services introduced by the Reserve Bank of India (RBI) with the objective of allowing account holders to send money to accounts across the country using a quick and affordable channel. Money transfers sent using these services require just the recipient’s bank details and their branch IFSC code. The IFSC or Indian Financial Systems Code is a unique code that is assigned to every branch that is part of the countrywide NEFT network. It helps RBI in regulating the fund transfers taking place online, and serves to identify the recipient’s and the sender’s banks.
The IFSC code is 11 characters long and is alphanumeric. The first four characters of the code are the name of the bank, the fifth is the number “0” and the last six are the code assigned to the bank. An example of a Royal Bank of Scotland IFSC code for the branch located in Salt Lake City, Kolkata district, West Bengal is ABNA0100333, where “ABNA” is the name of the bank, “0” is left blank for later use and “100333” is the code assigned to the specific branch in Salt Lake City.
IFSC and MICR codes can be found on the bank’s website. Here you will find a list of all the branches that are part of the NEFT network. The bank also prints the IFSC code on the cheque book leaves issued at the particular branch. Another way to access the Royal Bank of Scotland (RBS) IFSC code is through websites like BankBazaar, which give you all the codes at a glance. On the homepage, click on the “Bank IFSC Code” tab at the very end of the page. You will be directed to a page where you have to enter the name of the bank as well as state, district and specific branch whose code you are looking for. On filling in the details, you will be presented with the IFSC and MICR codes on the screen, as well as information like the branch contact number and address.
Sending money to an account within India is no longer a time consuming process thanks to the NEFT and RTGS facilities offered by Royal Bank of Scotland. The services are the quickest fund transfer facilities in the country, with assured transaction security. Following are the details on the services.
NEFT (National Electronic Fund Transfer):
The NEFT facility is available to customer of the Royal Bank of Scotland on banking days, which are Monday to Saturday during business hours as laid down by RBI. The services are not available on second and fourth Saturdays and on bank holidays. Customers who send in transfer requests after the cut off time or on bank holidays will have their requests processed on the next working day.
NEFT transfers are cleared using a system known as Deferred Net Settlement (DNS), where transactions are settled in a bundle up to a cut off time. NEFT transactions are settled in hourly batches beginning at 8:00 am. Transactions are settled in the batch nearest to the request time. There is no upper limit or cap on the amount that can be transferred using this service. This makes it a convenient and safe online fund transfer option.
Royal Bank of Scotland customers who have a MasterCard Debit Card can make NEFT requests online through the Net Banking service. The service is free of charge for card holders.
Customers can also apply for NEFT fund transfers from a bank branch. The service is provided free of cost here as well.
RTGS (Real Time Gross Settlement):
The RTGS mode of fund transfer is the fastest in the country. It is a real time money transfer method, where the transaction is processed as soon as the bank clears the request. Transactions made using this service are generally settled within 2 hours. Each transaction is also settled individually as soon as the request is processed. Once an RTGS transfer request is made, it is final and irrevocable.
RTGS transactions can be made by RBS customers through the NetBanking service or by visiting a bank branch. The services are available from Monday to Saturday between 8:00 am to 4:15 pm. The service is not available on second and fourth Saturdays and on bank holidays. Transfer requests received after the cut off time or on bank holidays would be processed on the following working day. While there is no ceiling on the amount that can be transferred using RTGS, a minimum amount of Rs. 2 lakh has to be transferred per transaction.
The bank levies a charge for providing the RTGS service, the rates as mentioned below:
The Royal Bank of Scotland or RBS as it is known as, is a multinational bank headquartered in Edinburgh. Set up in the year 1727, the bank has over 700 branches across the world, providing the best in banking services to its customers. The bank provides retail banking, corporate as well as private banking.