Services Types
Services
We offer a wide range of financial services to support your personal and business goals — from savings and loans to investment and digital banking solutions.
Inter Bank Transfer enables electronic transfer of funds from the account of the remitter in one Bank to the account of the beneficiary maintained with any other Bank branch. There are two systems of Inter Bank Transfer – RTGS and NEFT. Both these systems are maintained by Reserve Bank of India. Bank is direct member of RBI and offers NEFT/RTGS facility to customer like other commercial Banks.
RTGS- Real Time Gross Settlement
This is a system where the processing of funds transfer instructions takes place at the time they are received (real time). Also the settlement of funds transfer instructions occurs individually on an instruction by instruction basis (gross settlement). RTGS is the fastest possible interbank money transfer facility available through secure banking channels in India.
NEFT- National Electronic Fund Transfer
This system of fund transfer operates on a Deferred Net Settlement basis (Batch wise). Fund transfer transactions are settled in batches as opposed to the continuous, individual settlement in RTGS. Presently,
Features of RTGS:
- Safest and Secure Mode of Fund Transfer
- Credit to Beneficiary’s Account on the Same Day (Real Time)
- Credit Confirmation of payment to Remitter
- No Courier/ Postal expenses to Transfer the funds
- Customers can receive money through RTGS to their accounts with Bank from Other Banks
- Credit to the Beneficiary Account will be given by the branch of the Beneficiary’s Bank on the same day and in case of holiday / after business hours, credit will be given on next working day.
- Minimum Amount of Remittance – 2 Lakh (As per RBI guidelines)
IFSC Codes of ‘Tasgaon Urban Co-operative Bank Ltd, Tasgaon’ as follows: ICIC00TASUB
The Tasgaon Urban Co-op Bank Ltd offers Safe Deposit Lockers facility to its Customers at selected Branches. The facility is made available throughout business timings of the Branch.
| Locker Type | Locker Size | Locker Deposit | Locker Rent |
|---|---|---|---|
| Small | 4.5” X 7.5” X 21 | 5000 | 297 + 18% GST |
| Medium | 5.5” X 7.5” X 21 | 8000 | 508 + 18% GST |
| Large | 10.5” X 15.5” X 21 | 11000 | 678 + 18% GST |
The Tasgaon Urban Co-operative Bank Ltd., has launched a WhatsApp-based service called “CHAT WITH TASGAON BANK” offering non-financial features such as follows :
- Balance Inquiry
- Mini-Statement
- Cheque Book Requests
- Detail Statement
- Debit Card Block
- Stop Payment
- Cheque Status
- Clearing Detail
- Positive Pay Entry
Just say “ Hi ” to our WhatsApp Number – 8956 116 487 and enjoy our services
Saving Account
- Max Rs. 10,000/- per transaction on cash withdrawal from other Bank’s ATM
- 5 Free financial and Non-financial transactions per month
- Rs.23/- per financial transaction above 5 free transactions Rs. 9/- per Non-financial transaction above 5 free transactions from other Bank’s ATM
- ATM Card Facility with withdrawal Limit of Rs. 20,000/- per day
Current Account
- Max Rs. 10,000/- per transaction on cash withdrawal from other Bank’s ATM
- 5 Free financial and Non-financial transactions per month
- Rs.23/- per financial transaction above 5 free transactions Rs. 9/- per Non-financial transaction above 5 free transactions from other Bank’s ATM
- ATM Card Facility with withdrawal Limit of Rs.20,000/- per day for Proprietary Accounts
Duplicate ATM Card : Rs. 200/-
Duplicate PIN Regeneration: Rs. 30/-
Rules to keep your ATM transactions safe and secure:
- Never keep the PIN with the debit card or write on it. Always memorize it.
- Change your ATM PIN regularly.
- Do not throw your transaction slip in the ATM room as it contains your account information.
- Do not provide the ATM card and PIN details to anyone, including Bank, RBI, Govt.agency, family, friends etc. Bank or any other institution will never ask for this information.
- Do not let strangers come in to the ATM room or take their help to complete the transactions.
- Block and destroy your old card, when you get a new one. Register your mobile number at the Branch to get SMS alerts for all transactions
Receive your account statements via email without any delays for your Savings, Current, Cash Credit Loan Accounts. You also have the option to maintain the statement on email, print it or save it on a CD.
Features & Benefits:
- Email statements are FREE and environment friendly
- daily / weekly / monthly / half yearly / yearly email statements for your Saving & Current Account
- Protect your confidential data with password protected E-Statements
- Based on the date of account opening, it follows a staggered cycle
- Enjoy easy access to your account statements at the click of a button, anytime and anywhere
Registration Procedure
Customer can register for MISS CALL SMS Banking Services by submitting application to Branch
MISS CALL SMS Services offered : Balance Inquiry
Just miss call to our Number – 73 78 98 68 68
Cheque Truncation System (CTS) or Image-based Clearing System (ICS), in India, is a project of the Reserve Bank of India (RBI), commenced in 2010, for faster clearing of cheques. CTS is based on a cheque truncation or online image-based cheque clearing system where cheque images and magnetic ink character recognition (MICR) data are captured at the collecting bank branch and transmitted electronically.
Cheque truncation means stopping the flow of the physical cheques issued by a drawer to the drawee branch. The physical instrument is truncated at some point in route to the drawee branch and an electronic image of the cheque is sent to the drawee branch along with the relevant information like the MICR fields, date of presentation, presenting banks etc. This would eliminate the need to move the physical instruments across branches, except in exceptional circumstances, resulting in an effective reduction in the time required for payment of cheques, the associated cost of transit and delays in processing, etc., thus speeding up the process of collection or realization of cheques.
Why CTS?
In India, the RBI has made available inter-bank and customer payments online in near-real time in the form of RTGS and NEFT. However, cheques still remain a prominent mode of payment in the country. Physical cheques still account for 75% to 80% of all transactions.
So, the RBI has decided to focus on improving efficiency of the cheque clearing cycle. Thus, offering CTS is an alternative. CTS also reduces operational risks in banking operations as clearing is a highly fraud-prone operation. This explains CTS from the regulators’ perspective.
The benefits from CTS could be summarized as follows –
- Shorter clearing cycle
- Superior verification and reconciliation process
- No geographical restrictions as to jurisdiction
- Operational efficiency for banks and customers alike
- Reduction in operational risk and risks associated with paper clearing
- No collection charges for collection of cheque drawn on a bank located within the grid.
Kindly note that service charges will be applied for Outward Clearing Return Cheques w.e.f. 1 Apr 2021.
Clearing Cheque Return Service Charges w.e.f. 01st Apr 2021
| Amount | Charge |
|---|---|
| Upto Rs. 500000/- | Rs. 100/- + GST |
| Above Rs. 500000/- | Rs. 200/- + GST |
Registration Procedure
Customer can register for SMS Banking Services by submitting application to Branch
What is PUSH Message Alerts?
A push transaction is one in which the bank sends information to customers by SMS based on a set of rules. Under this service, customers registered for SMS Banking facility shall be able to get SMS alerts for various activities on their accounts.
SMS Alerts offered
- All savings Bank transactions.
- Weekly balances for Saving & Current accounts
- New Account Open
- ATM Withdrawals
- Inward & Outward Clearing
- Cheque Book Issue
- Term Loan Installment & Overdue
- Term Deposit Due date intimation
- Intimation of New Schemes launched by the Bank
To make cheque transactions safer, the Reserve Bank of India (RBI) vide circular no. RBI/2020 21/41DPSS.CO.RPPD.No.309/04.07.005/2020-21 dated September 25, 2020 has asked all banks to introduce the Positive Pay System effective 01 January, 2021.
To avail this facility, the account holder (drawer of the cheque) needs to share cheque details MANDATORY at the time of issuance (before cheque presentation date) of the cheques for amounts of INR 5,00,000/- and above. For the cheques for amounts of INR 50,000/- to INR 4,99,999/- is optional.
Cheque details to be submitted are as under:
- Select Account Number
- Cheque Number
- Cheque Date
- Number
- Payee/Beneficiary Name
- Cheque Data
- Cheque Image Front
- Cheque Image Back
These details can be submitted by the account holder to the bank through any of the following ways:
- Whatsapp Banking on 8956116487 from registered Mobile Number.
- By filling a simple Positive Pay form (In case branch submission).
We request our customers to please make a note of the following:
- Insufficient and incorrect details will lead to cheque return
- To enable the validation through Positive Pay, the cheque detail mentioned above should be available with the bank one working day prior to the cheque presentation date.
working day prior to the cheque presentation date.
