Services

Real-Time Gross Settlement (RTGS) is a payment system in which the money is credited in the beneficiary’s account in real-time and on a gross basis. The RTGS system is primarily meant for large value (above 2 Lakh) transactions that require and receive immediate clearing.

National Electronic Funds Transfer (NEFT) is a payment system that facilitates one-to-one funds transfer. Using NEFT, people can electronically transfer money from any bank branch to a person holding an account with any other bank branch, which is participating in the payment system. Fund transfers through the NEFT system do not occur in real-time basis and the fund transfer settles in 23 half-hourly batches.

Government Assistance to the Member Relief Fund maintained and administered by the Registrar of Co-operative Societies as per the direction of the committee consisting of Minister for Co-operation, Government of Kerala, Secretary to Government, Co-operation Department, and Registrar of Co-operative Societies. The Fund is utilized for assisting members of Co-operative Societies who are undergoing treatment for various ailments like cancer, kidney failure, serious liver diseases, heart diseases, HIV patients, bedridden due to paralysis, etc., partially or totally disabled due to accidents, dependants of the members who are died or bedridden due to accidents, children bearing the burden of the loan availed by their parents. It is also utilized for assisting the persons who lost houses and other assets due to natural calamities.