Facilities
 

COREBANKING

Core banking: In the co-operative banking,the finance flows from a State Co-operative to District Co-operatives (DCB), which form the prime credit facilitator at a district level and Primary Agricultural Credit Societies (PACS) form the end-point to which credit needs to be delivered.
In Ranni Service Co-operative Bank Ltd No. 65 enables its branch to provide differentiated finance tools to support the agricultural economy, track the credit flow and measure & report outcomes.
It allows the branch to offer retail as well as business oriented products. It is developed on modern technologies and architecture that is suitable for this segment that operates largely in remote, rural areas.It addresses the pain points of this segment by removing customer duplication, providing customer insights, maintaining data integrity, processing real-time updates and providing comprehensive compliance reporting.

TRANSACTION SMS

SMS banking is a initial step towards mobile banking. It is a facility used by Ranni Service Co-operative Bank Ltd No.65 to send messages (also called notifications or alerts) to customers' mobile phones using SMS messaging, or a service provided by them which enables customers to perform some financial transactions using SMS.

NEFT/RTGS

NEFT (National Electronic Funds Transfer)
With NEFT, you can transfer any amount to the recipient’s account in a one-on-one transfer basis. NEFT transactions don’t have a maximum limit for funds that can be transferred in a single day.

Timings for NEFT
In our bank we enable this facility with the help of an account opened in Dhanlaxmi Bank, Thottamon Branch, Ranni. We accept the cheques for the NEFT transactions throughout our working days but the processing is done only as per the working timings of Dhanlaxmi Bank.

Transaction limits and transfer charges
Each account holder can transfer cash through NEFT, but it’s limit is below Rs. 2,00,000(Two Lakhs) per transaction. The service fee for NEFT transactions is Rs.30 till date.
With NEFT, you can initiate transactions to transfer funds from one bank account to another throughout India. However, you must make sure that the banks are a part of the NEFT transfer network (another way to say this is that the banks should be NEFT-enabled).

RTGS (Real Time Gross Settlement)
The Account holder can use RTGS when they need to transfer large amounts instantly. One advantage that RTGS has over the other methods is the transaction speed, since the entire amount is transferred in real time.

Timings for RTGS
In our bank we enable this facility with the help of an account opened in Dhanlaxmi Bank, Thottamon Branch, Ranni. We accept the cheques for the NEFT transactions throughout our working days but the processing is done only as per the working timings of Dhanlaxmi Bank.

Transaction limits and transfer charges
There’s a minimum limit of Rs. 2 lakhs and above for RTGS transactions, and there’s no maximum limit as such. The service fee is a bit higher for RTGS transactions: each transaction is charged from Rs. 60.