Indian Bank provides a lot of electronic payment options for Indian Customers.
Mainly there are 3 ways in which you can make electronic payment with Indian Bank Bank - RTGS, NEFT, and IMPS. Before moving forward, it's important to understand the differences between the 3 modes;
RTGS/NEFT/IMPS Transfer with Indian Bank:
There are two ways to initiate an RTGS / NEFT/ IMPS transfer with Indian Bank:
Step 1: Download and Complete the Form
Step 2: Submit the Form at Your Branch
Mainly there are 3 ways in which you can make electronic payment with Indian Bank 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. 50,000 per transaction for cash-based remittances within India and to Nepal. | Up to Rs.2,00,000 | NIL |
| Minimum Transfer Value | NIL | NIL | Rs. 2,00,000 |
| Charges | Rs. 2.50 (Up to 10,000) Rs. 5 (10,000-1,00,000) Rs. 15 (1,00,000-2,00,000) Rs. 25 (2,00,000-10,00,000) | No Charges (Up to 25,000RS) Rs. 6 (25,000-2,00,000) | Rs. 25 (2,00,000-5,00,000) Rs. 50 ( Above 5,00,000) |
| Timing | 24x7, 365 Days | 24x7, 365 Days | 24x7, 365 Days |
RTGS/NEFT/IMPS Transfer with Indian Bank:
There are two ways to initiate an RTGS / NEFT/ IMPS transfer with Indian Bank:
- Offline submission /In Branch Request (FOR RTGS/NEFT)
- Mobile Banking (FOR RTGS /NEFT /IMPS).
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
- Firstly, write today's date and your PAN number on the top right corner.
- Now, Start towards the left by filling your branch name first.
- Select if you want to have NEFT or RTGS and write the amount in figures and words.
- Choose the option of fund remittance (Cash/Cheque/Debit).
- Mention the amount, charges and total amount.
- Write your account number, cheque number, cheque date, name, address and mobile number.
- Write the beneficiary name, account number(reconfirm), Bank name, IFSC code, address and message you would like to convey.
- Read through the details once again and also remember to read the terms and conditions, and declaration.
- Now, once you think everything is right, sign the form and write your name under the customer's signature column.
Step 2: Submit the Form at Your Branch
- Visit your nearest Indian 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.
- Open your IndOASIS Application and Log in.
- Now, open the funds transfer option on the home screen.
- Click on IMPS 24x7 (Immediate Fund Transfer).
- Now choose the account you want to transfer funds from and provide the beneficiary bank details.
- Select the amount of fund transfer you want to have.
- Click on Proceed.
- Confirm your details and enter you TPIN and click on SUBMIT.
- Verify using OTP and the funds will be transferred.