IDBI RTGS Form

[nikhilchauhan]

IDBI Bank provides electronic payment options for the Indian market.

Mainly there are 3 ways in which you can make electronic payments with IDBI Bank - 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	Rs.2,00,000	NIL
Minimum Transfer Value	NIL	No Limit	Rs. 2,00,000
Charges	NIL(Up to 5,000) Rs. 2 (5,000-10,000) Rs. 5 (10,000-1,00,000) Rs. 15 (1,00,000-2,00,000) Rs. 25 (Above 2,00,000)	Rs. 5 (Up to 1,00,000) Rs. 15 (1,00,000-2,00,000)	Rs. 30 (2,00,000-5,00,000) Rs. 55 ( Above 5,00,000)
Timing	24x7, 365 Days (Offline transaction in office hours only)	24x7, 365 Days	08:00-19:00 (Monday to Friday) 08:00-18:30 (Working Saturdays)

RTGS/NEFT/IMPS Transfer with IDBI Bank:

There are two ways to initiate an RTGS / NEFT/ IMPS transfer with IDBI 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 IDBI 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 in 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 date.
• Then tick the type of fund transfer you want to have(DD/NEFT/RTGS)
• Write the payable at (place) and the beneficiary name, address, account number, account type, bank, and IFSC code.
• Write the amount you need to transfer, add the charges accordingly, and total the amount you have to pay.
• Also, write the total amount in words and mention the type and number of note denominations you are giving if you are transferring via cash.
• If you want to pay by cheque or through your account balance, tick the option and fill in your details(cheque/account number) accordingly.
• Remember to read the terms and conditions and write your name, PAN number, address, phone number, email ID(Optional), and purpose of remittance.
• Thoroughly read the form again and sign the form.

Step 2: Submit the Form at Your Branch

• Visit your nearest IDBI Bank 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 (IDBI Bank Mobile App)

• Login to your account via the 4-digit MPIN.
• On the home screen, under your account number, there is a transfer button. Click on it.
• Now go to the payees option and select if you want to do fund transfers within the bank or NEFT/IMPS/Card payments to other banks.
• Click on NEFT payment and add the payee option.
• Now, enter the beneficiary’s name, account number, IFSC code, account number, and nickname.
• Click on continue and enter the OTP to add the payee successfully.
• There is a similar way for IMPS payment but you can choose between IFSC code or MMID.
• Beneficiaries will be added in an hour.
• Now, go back to the transfer option and select as required.
• For IMPS payment, select if you want to transfer via IFSC code or MMID, and enter your and beneficiary’s details.
• Click on continue and verify via OTP to successfully transfer the amount.