Real Time Gross Settlement (RTGS) in Bank of India is used for transferring high-value funds between bank accounts across India. For branch-based transfers, the RTGS form needs to be filled and submitted. The form can be collected at the branch or downloaded online.
Key Highlights
- Minimum Amount: ₹2 lakh and above for RTGS transfers.
- Processing Type: Transactions are settled in real time.
- Charges (Branch): ₹25 for ₹2–5 lakh and ₹49 for higher amounts.
- Online Option: Available through internet and mobile banking.
- Availability: Online RTGS is available 24×7; branch timing applies for offline.
The Bank of India RTGS form is filled when a high-value transfer is initiated through a branch. It includes the necessary information required for processing, such as sender details, beneficiary account details, IFSC code, and transfer amount.
You can get a physical Bank of India RTGS form by visiting your nearest bank branch and requesting a remit application form. Alternatively, you can go to the bank's official website and download this form by following these steps:
For convenience, customers opting for RTGS fund transfers may download the Bank of India RTGS form pdf online. You can refer to the link given below:
Bank Of India RTGS Application Form
Once the form is printed, fill in the required details carefully to avoid errors during processing.
The signature on the form must match the records maintained with Bank of India. Any mismatch may lead to rejection of the request.
Here are the details and documents generally required for a Bank of India RTGS request:
All details should be verified before submission, as RTGS transactions are processed immediately.
While the standard Bank of India 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.
RTGS transactions at Bank of India branches are subject to applicable charges.
Inward RTGS transactions are free. Online RTGS transactions are generally free.
RTGS is available 24×7 as per RBI guidelines. However, branch-based transactions are processed only during working hours.
Requests outside working hours are processed on the next working day.
RTGS transactions are processed based on the beneficiary account number provided in the form, so accuracy is important while filling the details. Once the transaction is initiated, it cannot be reversed.
The beneficiary bank should be RTGS-enabled for the transfer to go through. After successful processing, confirmation is typically shared by the bank.
The Bank of India RTGS form is required when a transfer is made through a branch. Since RTGS transactions are processed immediately, entering the correct beneficiary details is important to avoid errors.
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