IDBI RTGS Form PDF Download

IDBI RTGS Form PDF – RTGS (real-time gross settlement) is an electronic fund transfer system that enables secure and fast transfer of funds. IDBI account-holders can use this system to transfer funds in a fast and efficient way.

RTGS is used to transfer a large sum of money. The minimum amount to transfer through RTGS is 2 lakh rupees and that maximum is 10 lakh rupees. To use this service the customer needs to fill the RTGS form.  

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How to get the IDBI RTGS Form

Download the IDBI RTGS Form from the official site. The form is available in PDF form to print and fill.

The Reserve bank of India records the transfer of money through RTGS, so the transactions are not reversed.

How to fill the IDBI RTGS Form

The RTGS Form is available in two parts. The first part is filled by the account holders themselves. Make sure to fill in the details carefully and properly and check them before submitting. 

  • Write down the beneficiary’s name, address, and account number. 
  • Then write the beneficiary bank account type, beneficiary Bank, IFSC Code, and the transfer amount.
  • Then give the applicant details. Name, PAN number, Address, phone number, and the purpose of remittance. 
  • Sign in the RTGS form and submit it to the bank.  

The second part of the IDBI RTGS form is the acknowledgment for the RTGS transfer that the bank fills. The bank gives acknowledgment to the account holder so that if no transaction takes place, the account holder can file a complaint against it. 

What to do after filling up the form?

  • After filling up the form, go to the home IDBI branch and see if there is a special desk for the RTGS form.
  • If there is a special desk then, submit the form there. 
  • If there is no special desk for RTGS forms then submit the form directly to the branch manager. 
  • The form must be submitted before the Cut Off timings.
  • As mentioned in the IDBI RTGS Form itself – “If the application is received after the cut-off time, the transfer of funds shall only be affected on the next working day.”

The Cut Off timings for branches

Weekdays – 9:00 A.M to 4:15 P.M

Saturdays – 9:00 A.M to 1:00 P.M

What are Inward and outward charges in RTGS?

An inward transaction is one when a person receives money. An outward transaction is the one when a person has to send the money. 

Inward Transaction

Inward transaction is free of cost.

Outward Transaction :

* From Rs 2 Lakh to Rs. 5 Lakh – Not exceeding Rs 30 per transaction

* Rs 5 Lakh and above – Not exceeding Rs. 55 per transaction.

Outward Transactions timings in IDBI

Outward Timings of the IDBI Bank are in line with the RBI’s timelines.

Weekdays – 9:00 A.M to 4:15 P.M

Saturdays – 9:00 A.M to 1:00 P.M

What is CMS Cut off timings of IDBI Bank?

CMS or Cash Management Service Cut Off timings in IDBI 

On weekdays (Monday to Friday)

Bulk Upload at customer end – 16:00 hrs

Payment request electronically E-mail/ Fax – 15:30 hrs

On Saturday

Bulk Upload at customer end – 13:00 hrs

Payment request electronically E-mail/ Fax – 12:30 Hrs

How to add a payee or beneficiary to an IDBI account?

Go to IDBI official website > Login with username and password> Click on “Payments & Transfers”> select “Manage Beneficiary”>Select between Interbank or Intra bank option payee> click on “Add Payee”> Fill Payee’s details- Name, Account Number, Bank Name and IFSC Code in the relevant columns> Tick the “I accept terms & conditions” checkbox> Click on ‘Confirm’ or ‘Continue’ > Enter the OTP received on the registered mobile number> Beneficiary will be added in a few minutes. 

How to transfer money through RTGS in IDBI?

Go to IDBI Official website> Login to the account using the username and password> Click on “Payments & Transfers”> then click on “Fund Transfer” option> Select between Interbank or Intra bank option payee> Select transaction type between RTGS or NEFT> choose beneficiary from the list> Enter the amount that is to be transferred> Add a transaction description> Tick the “I accept Terms & Conditions’ > Click on Confirm> RTGS fund will be transferred

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