SBI RTGS Form - How to Download SBI RTGS Form?

In today's fast-paced world, transferring large sums of money securely and swiftly has become vital. The SBI RTGS form is essential for State Bank of India customers to initiate high-value transactions. RTGS or Real Time Gross Settlement system is often the best option for high-value, time-sensitive transactions.

Whether you are making a personal transfer or conducting any business, understanding how to access and fill out the form properly can save you a lot of time and effort. Hence, in this guide, we will cover everything you need to know about the SBI RTGS form, including how to fill it out, the downloading process, and other essential details.

What is the SBI RTGS Form?

The SBI RTGS form is a standardized document used to authorise an RTGS transaction. This includes information such respective bank details of the sender and beneficiary, the amount being transferred, and other key information. Please fill out this form carefully to ensure an easy transfer of funds and avoid loss or extra costs. 

The State Bank of India's RTGS process allows you to transfer funds worth a minimum of Rs. 2,00,000 between different banks. SBI generally does not charge fees for RTGS transactions made online through Internet banking or the YONO app. 

However, the branch transactions have a fee of Rs. 20 + GST for amounts between Rs. 2 lakh and Rs. 5 lakh and Rs. 40 + GST for amounts above Rs. 5 lakh. Here are some features of RTGS transactions of the State Bank of India to keep in mind:

• Minimum amount is Rs. 2 lakhs
• No maximum limit (subject to SBI's terms)
• Funds are transferred instantly during banking hours
• Safe and secure mode of transfer

How to Download the SBI RTGS Form?

The SBI RTGS form download process is simple and accessible through various channels. They are discussed as follows:

Official Website of SBI: Here are the steps to follow to download RTGS form using SBI’s website:

• Visit the official website of the State Bank of India.
• Navigate through the home page, and click on ‘Personal Banking’.
• Select the ‘RTGS NEFT’ option.
• On the page you are redirected, scroll down and click on ‘Download Application Form’.
• After you are directed to the PDF, click the 'Download' option and select 'Save As'.

SBI Branch: You can also get the RTGS form using the offline mode. Here are the steps:

• Visit the nearest SBI branch.
• Request a hard copy of the RTGS form from the counter.
• Fill out the form with all necessary details and sign it. 
• Submit it at the counter.

How to Fill SBI RTGS Form?

If you want to know the steps of filling your SBI RTGS form accurately, read the steps mentioned below:

• Begin the filling process by entering the date.
• Tick on the transaction method, that is, RTGS or NEFT.
• In both words and numbers, state the entire transaction amount.
• Write the name of the sender's bank and branch.
• Mention the account number of the sender.
• Enter the payee's name.
• Carefully enter the cheque number.
• Proceed to the form's right-hand area and include the code and date.
• Give the account number, IFSC code, bank name, branch name, and beneficiary's name.
• The name, address, phone number, and complete signature of the applicant should be mentioned.

SBI Bank RTGS Form PDF Download

All customers opting for RTGS fund transfers must download the SBI RTGS form online to initiate the process. You can refer to the given link to download the same: 

SBI RTGS Application Form

SBI RTGS Documents Required

To initiate an RTGS transaction, you may need to provide additional documents, along with your RTGS form, such as:

• Know Your Customer (KYC) Documents: Requires proof of identity and address. You can provide documents like a voter ID card, Aadhaar card, driving license, etc.
• PAN Card: A valid PAN card is mandatory for transactions exceeding a specific limit.

SBI Bank RTGS Form Filling Sample

Here is a sample of the State Bank of India RTGS form as presented on the official website:

SBI RTGS Form Signature

Signatures play a crucial role in authenticating the transaction. Ensure your signature matches the one registered with your SBI account. Any discrepancy may result in the rejection of your form.

SBI RTGS Form Download in Excel

While the standard RTGS form is available 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.

SBI RTGS Charges

The State Bank of India offers fee-free RTGS transactions through online banking services. However, charges apply for transactions conducted at SBI branches. For amounts ranging from ₹2,00,000 to ₹5,00,000, the fee is ₹20.00 + GST, while transactions above ₹5,00,000 incur a fee of ₹40.00 + GST. 

Certain account holders, including Gold, Diamond, Platinum, and Rhodium current account variants, government departments, autonomous and statutory bodies, and defence-paramilitary establishments, are exempt from RTGS transaction fees. Silver Current Account holders can also enjoy free RTGS transactions via the CINB channel.

SBI RTGS Timings

Due to State Bank of India’s round-the-clock online RTGS transfer service, high-value fund transfers are always easy and available. However, the bank's operating hours determine RTGS timings for branch transactions, usually in line with business days. 

It is advised to contact the bank for the exact branch timings before you initiate any transfer, as these may vary on weekends or holidays. This is not the case when it comes to making an online transaction through either the internet banking service or mobile app, thereby offering customers a certain level of added convenience and flexibility. 

SBI RTGS Limit

The State Bank of India sets specific RTGS transaction limits for high-value payments. The minimum limit is Rs. 2 lakh across all accounts, and the maximum limit varies by account type. 

Saral accounts allow up to Rs. 10 lakh per transaction, and Vyapaar accounts permit Rs. 50 lakh per transaction, and Vistaar accounts enable transfers up to Rs. 2,000 crore per transaction. While Saral accounts have a daily limit of Rs. 10 lakh, Vyapaar and Vistaar accounts have none.

Individual accounts fall under the Saral account limits, while business accounts such as Vyapaar and Vistaar offer greater flexibility to suit different business requirements. Such structured limits help in effective fund transfer for varying requirements of customers. 

Overall, the SBI RTGS form simplifies transferring large sums of money securely and efficiently. Following the steps outlined in this guide, you can easily download, fill, and use the form for RTGS transactions. Always double-check the details you provide to avoid errors and ensure your supporting documents are valid. With this knowledge, your high-value fund transfers via SBI are just a few steps away.

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