How to Download and Fill RTGS Form of State Bank of India
RTGS stands for Real Time Gross Settlement, which is an electronic payment system that allows customers to transfer funds from one bank account to another in real time. RTGS is usually used for transactions above Rs. 2 lakhs, while NEFT (National Electronic Fund Transfer) is used for transactions below Rs. 2 lakhs.
If you are a customer of State Bank of India (SBI), you can download and fill the RTGS form online or offline to initiate a fund transfer. Here are the steps to do so:
rtgs form of state bank of india download
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Online Method
Login to your SBI net banking account using your username and password.
Go to 'Payments/Transfers' tab and select 'RTGS' option.
Enter the beneficiary details such as name, account number, IFSC code, bank name, branch name, amount and remarks.
Verify the details and enter your transaction password to confirm the transfer.
You will receive a confirmation message and a reference number for your transaction.
Offline Method
Visit your nearest SBI branch and ask for an RTGS form.
Fill the form with the required details such as your name, account number, beneficiary name, account number, IFSC code, bank name, branch name, amount and remarks.
Sign the form and submit it to the bank officer along with your cheque or debit instruction.
You will receive a receipt and a reference number for your transaction.
You can also download the RTGS form of SBI from their official website https://sbi.co.in/web/personal-banking/rtgs-neft or from other online sources such as https://www.hridayindia.in/sbi-bank-rtgs-neft-pdf-form/ or https://maxutils.com/fdn/rtgs/sbi-rtgs. You can print the form and fill it manually or use a fillable/editable format to fill it on your computer.
RTGS is a fast, secure and convenient way to transfer funds across banks. However, you should check the charges, timings and limits of RTGS before using it. You should also ensure that you have sufficient balance in your account and that you enter the correct beneficiary details to avoid any errors or delays.
Benefits of RTGS
RTGS has several benefits for customers who want to transfer funds quickly and securely. Some of the benefits are:
RTGS is available 24x7 throughout the year, including weekends and holidays.
RTGS transfers funds in real time, which means the beneficiary receives the amount within minutes.
RTGS reduces the risk of fraud, theft or loss of cheques or demand drafts.
RTGS provides confirmation of the transaction through SMS or email.
RTGS does not require any physical presence or paperwork at the bank branch.
Charges and Limits of RTGS
RTGS has some charges and limits that customers should be aware of before using it. Some of the charges and limits are:
The minimum amount for RTGS is Rs. 2 lakhs and there is no maximum limit.
The charges for RTGS vary depending on the amount and the time of transfer. The current charges are as follows:
AmountTimeCharges
Rs. 2 lakhs to Rs. 5 lakhsFrom 8 am to 11 amRs. 25 + GST
Rs. 2 lakhs to Rs. 5 lakhsFrom 11 am to 6 pmRs. 26 + GST
Above Rs. 5 lakhsFrom 8 am to 11 amRs. 50 + GST
Above Rs. 5 lakhsFrom 11 am to 6 pmRs. 51 + GST
All amountsBeyond 6 pmNo charges
The timings for RTGS are from 8 am to 6 pm on working days and from 8 am to 4 pm on Saturdays.
The beneficiary bank has to credit the amount to the beneficiary account within two hours of receiving the transfer message.
If the transfer is not completed due to any reason, the amount will be returned to the remitter within one hour of receiving the information from the beneficiary bank.
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