Bank of India RTGS Form

[nikhilchauhan]

Bank of India provides many electronic payment options for Indian Customers.

Mainly there are 3 ways in which you can make electronic payments with Bank of India - RTGS, NEFT, and IMPS. Before moving forward, it's important to understand the differences between the 3 modes:

Type of Transfer	NEFT	IMPS	RTGS
Speed of settlement	Real-Time	Real-Time	Real-Time
Maximum Transfer Value	NIL	Up to Rs.2,00,000	NIL
Minimum Transfer Value	NIL	Re.1	Rs. 2,00,000
Charges	Rs. 2.50 (Up to 10,000) Rs. 5 (More than 10,000)	Rs. 2.50 (Up to 1,00,000) Rs. 5 (More than 1,00,000)	Rs. 25 (2,00,000-5,00,000) Rs. 49 ( Above 5,00,000)
Timing	Monday to Saturday Except bank holidays(08:00 - 16:30)	24x7, 365 Days	Monday to Saturday Except bank holidays(08:00 - 16:30)

RTGS/NEFT/IMPS Transfer with Bank of India:

There are two ways to initiate an RTGS / NEFT/ IMPS transfer with Axis Bank:

1. Offline submission /In Branch Request (FOR RTGS/NEFT)
2. Mobile Banking (FOR RTGS /NEFT /IMPS).

OFFLINE SUBMISSION /IN-BRANCH REQUEST

Step 1: Download and Complete the Form

• Download the attached NEFT/RTGS form (in PDF format). This same form will be provided to you if you choose to initiate the transfer through an in-branch request. We have attached a copy of the same form to this post for your ease.
• Print a clear copy of the downloaded form.
• Fill out the form completely and accurately. How to fill up the form is mentioned below

How to Fill up the Form?

• Start by writing your branch name and today’s date.
• Write your name and account number and select your account type.
• Now, add the beneficiary’s name, account number, bank, branch, branch address, IFSC code, and the type of account.
• Mention the amount to be sent to the beneficiary in both figures and words.
• End by mentioning your mobile number and signing the form.

Step 2: Submit the Form at Your Branch

• Visit your nearest Bank Of India branch.
• Submit the completed NEFT/RTGS form along with any required identification documents to a bank teller or customer service representative.
• Once your request is processed, the funds will be transferred to the beneficiary's account.

Mobile Banking (Bank of India Mobile App)

• Log onto your Bank Of India Mobile Banking App.
• On your home screen click on the IMPS Fund Transfer option.
• If you don't have a beneficiary added click on add beneficiary option.
• Click on the IMPS option, under Payment mode.
• Fill in the details and click on the submit button.
• Confirm the details via OTP and click on verify.
• Enter your transaction password to successfully add a beneficiary.
• Now, click on the beneficiary and click on ‘Proceed to Pay’.
• Add your details and account details.
• Click on submit and then verify the details.
• Type in your transaction password and the transaction will be completed.
• Click on more and download to download the receipt.