Karnataka Bank provides electronic payment options for the Indian market.
Mainly there are 3 ways in which you can make electronic payments with Karnataka Bank - RTGS, NEFT, and IMPS. Before moving forward, it's important to understand the differences between the 3 modes;
RTGS/NEFT/IMPS Transfer with IDBI Bank:
There are two ways to initiate an RTGS / NEFT/ IMPS transfer with Karnataka 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 payments with Karnataka 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 | Rs. 2.25 (Up to 10,000) Rs. 4.75 (10,000-1,00,000) Rs. 14.75 (1,00,000-2,00,000) Rs. 24.75 (Above 2,00,000) | NIL (Up to Rs. 1,000) Rs. 5 (1,000 - 1,00,000) Rs. 15 (1,00,000-2,00,000) | Rs. 25 (2,00,000-5,00,000) Rs. 50 ( Above 5,00,000) |
| Timing | 08:00-19:00 (All Bank working days) | 24x7, 365 Days | 08:00-18:00 (All Bank working days) |
RTGS/NEFT/IMPS Transfer with IDBI Bank:
There are two ways to initiate an RTGS / NEFT/ IMPS transfer with Karnataka 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
- Start by writing today’s date on the right corner.
- Mention your branch name.
- Enter your account number, name, amount, charges and total amount.
- Now, write your email ID or mobile number, cheque number and today's date.
- Enter the beneficiary bank name, branch, IFSC, account number and name.
- Once you have verified and are satisfied, sign the form.
Step 2: Submit the Form at Your Branch
- Visit your nearest Karnataka 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 Karnataka bank mobile application and log in.
- Click on the fund transfer option and choose if you want to do it yourself, within or to any other bank.
- Enter the beneficiary details and the amount to be transferred and click on proceed.
- Verify using OTP and click on confirm.
- Your amount will be transferred.