हिंदी वेबसाईट

National Electronic Fund Transfer system (NEFT)

The Malad Sahakari Bank also offers transfer of funds through National Electronic Fund Transfer system (NEFT). Customers can have efficient, secure, economical and reliable transfer of funds from remitter’s account in a particular bank to the beneficiary’s account with our bank.
In this payment system instructions between banks are processed and settled on batch to batch basis at fixed times during the day. There is no minimum or maximum stipulated transaction value for using this facility.

Note: NEFT systems work on all days except on 2nd, 4th Saturday, Sunday and national holidays across the states.

Beneficiary's Information required for transfer of funds

  • Name of the beneficiary
    • Account Number of the beneficiary
    • Amount to be remitted
    • Name of the beneficiary bank, branch and its IFSC
    • Sender to receiver information, if any

Monday to Saturday

9.00 a.m. to 6.00 p.m.

Except 2nd & 4th Saturday



Amount up to Rs.10,000/-

Rs. 2.50 + GST

Amount from Rs.10,001/- to Rs. 1 Lakh

Rs. 5.00 + GST

Amount Above Rs. 1 Lakh up to Rs. 5 Lakh

Rs. 25.00 + GST

List of IFSC Codes:

  1. TMSB0000001 : Central Administrative Office
  2. TMSB0000002 : Main Branch
  3. TMSB0000003 : KV Branch
  4. TMSB0000004 : BT Branch
  5. TMSB0000006 : KDV Branch
  6. TMSB0000007 : LG Branch
  7. TMSB0000008 : LG Extention Counter

For further details contact your nearest branch

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