Bank of Baroda's Real-Time Gross Settlement (RTGS) service is a secure and efficient way to instantly transfer large sums of money between bank accounts across India. Designed for high-value transactions, this facility eliminates the risks of credit or settlement delays, offering customers peace of mind. To use this service, you need to complete the Bank of Baroda RTGS form. In this blog, we’ll guide you through everything you need to know about the RTGS form and how to make the most of this seamless payment facility.
The BOB RTGS form is a document used for high-value fund transfers through the Real-Time Gross Settlement (RTGS) system. It allows immediate and secure transfer of amounts above Rs. 2,00,000 between banks.
The form collects essential details, including the name, account number, beneficiary details (name, account number, bank, IFSC code), transaction amount, and applicant's transfer purpose. To initiate the transaction, you must complete, sign, and submit the form at the nearest BOB branch.
You can conduct the RTGS transfer online or offline as a Bank of Baroda customer. In addition, you can download the Bank of Baroda RTGS form PDF from the bank’s website and submit it by visiting the branch to initiate the process. Here is a detailed step-by-step guide you can follow to download the RTGS form from the Bank of Baroda:
If you are wondering about the Bank of Baroda RTGS form-filling process, you can follow these simple and hassle-free steps:
To initiate the process, all customers opting for RTGS fund transfers must download the Axis Bank RTGS form online. You can refer to the link given below:
The following are important documents that you must require when filling out the BOB RTGS form or submitting it to the bank:
The following is a sample of the Bank of Baroda RTGS form download for your reference:
Signatures play a crucial role in authenticating the transaction. Ensure your signature matches the one registered with your Bank of Baroda account. Any discrepancy may result in the rejection of your form.
While the standard RTGS form is in PDF format, you may not find an Excel version. However, you can create an Excel template based on the PDF form to streamline the filling process.
Here are a few simple steps you can follow to apply for the Bank of Baroda RTGS form online:
Net Banking: The following are hassle-free steps you can follow to transfer funds through BOB’s RTGS net banking feature:
Mobile Application: Here is a step-by-step guide you can follow to complete the BOB RTGS transfer through the bank’s mobile application:
Bank of Baroda offers RTGS transactions with the convenience of 24x7 availability throughout the year, including public holidays and weekends.
However, the bank applies specific service charges for these transactions. For amounts between ₹2 lakhs and ₹5 lakhs, the charges are ₹25 per transaction between 8:00 AM and 11:00 AM, ₹27 per transaction between 11:00 AM and 1:00 PM, and ₹30 per transaction after 1:00 PM.
For transactions above ₹5 lakhs, the charges are ₹55 per transaction between 9:00 AM and 12:00 noon, ₹56 per transaction between 12:01 PM and 3:30 PM, and ₹61 per transaction after 3:30 PM. All charges are exclusive of GST.
Henceforth, RTGS is a reliable and secure option to transfer funds from the Bank of Baroda to any bank with no maximum limit. The facility allows you to send funds offline through the bank branch using a Bank of Baroda RTGS form or online via BOB’s net banking or mobile banking services. Moreover, the system is available 24*7*365 without any restrictions on timings or holidays.
Hence, these factors make RTGS an ideal choice for bulk transfers. However, you must be careful when entering the beneficiary's account number, as transactions cannot be reversed if you send funds to another account. Therefore, you must have the beneficiary's cheque or passbook details while conducting the financial transaction.
Related Articles:
1. HDFC Bank RTGS Form
2. SBI Bank RTGS Form
3. Axis Bank RTGS Form
4. Canara Bank RTGS Form