arjungoyal12
KF Mentor
Karur Vysya Bank provides many electronic payment options for Indian Customers.
Mainly there are 3 ways in which you can make electronic payments with Karur Vysya Bank - RTGS, NEFT, and IMPS. Before moving forward, it's important to understand the differences between the 3 modes;
RTGS/NEFT/IMPS Transfer with Bharat Bank:
There are two ways to initiate an RTGS / NEFT/ IMPS transfer with Karur Vysya Bank:
Step 1: Download and Complete the Form
Mainly there are 3 ways in which you can make electronic payments with Karur Vysya 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.5,00,000 | 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 (2,00,000-10,00,000) | NIL ( Up to Rs.1,000) Rs.5 (Above Rs.1,000) | Rs. 24.50 (2,00,000-5,00,000) Rs. 49.50 (Above 5,00,000) |
Timing | 24x7, 365 Days | 24x7, 365 Days | 24x7, 365 Days |
RTGS/NEFT/IMPS Transfer with Bharat Bank:
There are two ways to initiate an RTGS / NEFT/ IMPS transfer with Karur Vysya 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
- Write the branch name, IFSC code, and today’s date.
- Proceeding, enter your name, account type, account number, customer ID, mobile number, amount to be transferred, bank charges, total amount, PAN number, and your signature.
- Now, on the right box, write the beneficiary name, city, branch name and address, IFSC code, account number, type, customer ID, mobile number.
- Now, skip the next boxes to the Acknowledgement, where you need to write your name, amount, account number, beneficiary name, bank, branch, city, IFSC code, beneficiary account number, date and time.
- Remember to recheck and also read the terms and conditions before.
- Visit your nearest Karur Vysya 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 and log on to the KVB-D Lite banking application.
- On the home screen, click on the transfer funds option, other bank accounts, and add a new payee.
- Enter the beneficiary details and register the payee successfully.
- Now, go back to the transfer funds page, and select the newly registered payee. enter the amount, payment type(IMPS/NEFT/RTGS) and click on transfer.
- Recheck and confirm using MPIN to complete the transaction.
- For urgent, high-value transfers: Use RTGS if speed is critical and the amount is substantial. Be aware of minimum transfer limits and potential fees.
- For routine transfers and bill payments: NEFT is a convenient and cost-effective option for transfers within India, although it's not real-time.
- For small, urgent transfers: IMPS is ideal for immediate transfers of smaller amounts, even on holidays. Be mindful of potential maximum limits and fees.