Karnataka Bank offers easy money transfer

Mangalore-based Karnataka Bank introduced a 'funds transfer facility' called Money Quick under the real time gross settlement (RTGS) system from July 15.

The customers at its 280 offices can avail of the facility and transfer funds instantly to the beneficiary account at other banks at a nominal cost.

Similarly, the bank's customers can secure instant transfer of funds to their accounts from parties of other banks provided those banks offer a similar facility.

The bank will soon offer technology-enabled products in tune with customer needs and preferences, a release said.