If you intend to make a high-value transaction instantly, you might want to go for a bank RTGS transaction as it enables real-time fund transfer for larger amounts as well. IndusInd Bank, among other prominent banks in India, offers both online and offline options for this transaction. You can choose either one according to your convenience. For offline transaction, an IndusInd Bank RTGS form has to be downloaded. Let’s have a closer look at the different aspects of IndusInd bank RTGS transaction.
The full form of RTGS is Real-Time Gross Settlement and it stands as an electronic funds transfer system for high-value and time-sensitive transactions. It is widely used by banks and financial institutions. The term “gross” in RTGS highlights that each transaction is settled individually and fully. This approach guarantees secure and autonomous fund transfers, minimizing counterparty risk. RTGS systems are typically under the operation and oversight of central banks or financial authorities to maintain the stability and integrity of the financial system.
You can get an IndusInd RTGS form by visiting a nearby IndusInd bank. Or, if you want to download the IndusInd Bank RTGS form, you can follow these steps:
RTGS transaction is carried out through a common form which is labelled as “Application cum Debit Authority Form for DD/RTGS/NEFT/IMPS transfers”. Just below it, there are options for different types of transactions with checkboxes. Then, on the right side, there is space for the sender’s details and on the left, there is space for the recipient’s details such as name, bank account number, mobile number, email ID and mobile number. Even if you want to make an NEFT transaction, you have to use the same form. All the other banks also have the same format of the form. You can download the form from the corresponding bank’s website. If you have an account with the State Bank of India, you can just visit its official website and download the SBI NEFT form.
To fill out the IndusInd bank RTGS form, follow this step-by-step guidance:
When it comes to IndusInd Bank’s RTGS charges, here’s how they are structured:
For further information or assistance with the bank’s services, you can reach out to IndusInd Bank customer care for prompt support.
The RTGS limits at IndusInd Bank depend on the customer’s type of account.
It’s important to note that the minimum limit of Rs. 2 lakhs applies universally, while the maximum limit, especially for non-individual customers, is elevated for transactions conducted through digital channels.
If you do it online, you can initiate the transaction anytime. However, if you wish to go to the bank branch and do the transaction then, you will have to go to the branch during its working hours. Most of the branches open at 8 AM and closes at 4:30 PM on weekdays. On Saturdays, the working hour is from 8 AM to 1:30 PM excluding the second and fourth Saturdays. This timing may again vary from branch to branch depending on the location. The bank remains closed on Sundays.