Updated on: Mar 19th, 2025
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3 min read
Canara Bank ranks among India's most trusted public sector banks, featuring various functional banking operations. Based in Bangalore, this bank ensures the convenience of its customers by implementing safe and secure transactions across the country through its RTGS service.
Canara Bank account holders aiming to transfer funds from their accounts can opt for the RTGS service offered at the bank. However, customers must complete the Canara Bank RTGS form to initiate fund transfer.
Read this blog till the end to learn about the essential details about the same:
Real-time Gross Settlement (RTGS) is a secure and reliable system for transferring funds electronically within or between banks. At Canara Bank, this service allows customers to transfer funds across banks seamlessly in real time. To initiate an RTGS transaction, individuals must complete the Canara Bank RTGS form.
All account holders of Canara Bank who wish to avail the service of RTGS fund transfer from their accounts will have to download the form online. Thus, you can refer to the following points to learn how to download the form online:
Filling out the RTGS transaction form is one of the most critical steps in transferring funds from your account. Go through the following points to learn about some significant factors you need to consider while filling out the Canara Bank RTGS form:
Net Banking: To ensure a hassle-free RTGS transfer at Canara Bank, follow the below steps:
Offline process:
Here are some of the documents you may need to fill out a Canara Bank RTGS form:
All customers need to know the format and instructions for filling out the RTGS form. Thus, you can refer to the below sample to have an idea of how you can fill up the Canara Bank RTGS form without making any mistakes after opting for the Canara Bank RTGS form download:
Signatures play a crucial role in authenticating the transaction. Ensure your signature matches the one registered with your Canara Bank 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.
Canara Bank has mandated a standardized framework to streamline the service charges for RTGS fund transfers. As per the guidelines, inward RTGS transactions are free, with no charges levied. For outward RTGS transactions, service charges are applicable per RBI directives effective July 1, 2019. For transactions between Rs. 2 lakhs and Rs. 5 lakhs, the service charge is Rs. 24.50, while transactions above Rs. 5 lakhs incur a charge of Rs. 49.50. Applicable GST will be charged in addition to these amounts.
Thus, Canara Bank is one of the most trusted and reputed financial institutions in the country. It provides several useful banking services, including RTGS transactions. Customers who want to transfer high-value funds can take advantage of this service. Download the RTGS form of Canara Bank, fill it carefully, and submit it to the nearest branch.
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