Central Bank of India RTGS Form PDF Download Online: NEFT Form

Central Bank of India is an RTGS/NEFT-enabled bank in India. RTGS and NEFT are the fund transfer facilities provided to customers. Here, RTGS (Real Time Gross Settlement) is administered under RBI. Whereas, NEFT is the National Electronic Funds Transfer.

RTGS has a minimum limit of INR 2 lakhs but no maximum limit. On the other hand, there is neither a lower nor upper limit for NEFT transactions.

How to download Central bank of India RTGS/NEFT form

Generally, you get RTGS/NEFT form from the bank branch itself. However, rather than visiting the branch, you can download it online. You need to visit the bank website and download the form from there. Here is the direct link to download the CBI RTGS/NEFT form.

Click here to Download RTGS/NEFT PDF Form.

Fill Central Bank of India RTGS/NEFT Form

Offline:

You have two options to fill this form. Either you take a printout and then fill it manually. Or fill the PDF file on your system and then take a printout. The form requires the necessary information to be duly filled by the applicant.

  • Firstly, fill all information correctly in the form regarding payment, applicant, and beneficiary.
  • Now sign the RTGS/NEFT form and mention date at the bottom. You can also take assistance from the bank executive to fill the form.
  • Next is to submit the form at the bank branch.

Online:

CBI offers an online platform to initiate an RTGS/NEFT transaction. You need to use internet banking or mobile banking for the same. However, you should firstly register/subscribe to the avail of internet/mobile banking services. After that, make sure you add beneficiary details before initiating the transaction.

  • Choose Account to transfer funds.
  • Provide correct name, account number, and IFSC code of beneficiary.
  • Now choose the fund transfer method whether RTGS or NEFT.
  • Finally, provide a transaction password to initiate a transaction.

Central Bank of India RTGS/NEFT Charges

RTGS charges:

  • Branch interface
    • Inward RTGS: No charges
    • Outward charges
      • From INR 2 lakhs to 5 lakhs: INR 24.50
      • More than 5 lakhs: INR 49.50
  • Via Digital Banking
    • Till INR 10,000: No charges
    • More than INR 10,000 to INR 5 lakhs: INR 4.50
    • More than INR 5 lakhs: INR 10

NEFT charges:

  • Branch interface
    • Inward NEFT: No charges
    • Outward NEFT
      • Till INR 10,000: INR 2.50
      • More than 10,000 but till INR 1 lakh: INR 5
      • Above 1 lakh but till INR 2 lakhs: INR 15
      • More than 2 lakhs: INR 25
  • Via Digital Banking

No charges on any NEFT amount when transfer through digital mode.

(Note: These charges are revised charges w.e.f. 01/07/2019. Also, these charges are exclusive of GST.)

Central Bank of India RTGS/NEFT timings

RTGS Timings:

  • Opening time for business: 08:00 am
  • Initial Cut-off for Customers payments: 04:15 pm
  • Final Cut-off for Inter-bank payments: 07:30 pm

NEFT Timings:

This facility works on the Deferred Net Settlement basis in which hourly batch settlements are done.

NEFT timings: 08:00 am to 07:00 pm

In Central Bank of India, 12 hourly batch settlements are done in a day. These hourly batch settlements are available on working days only. Further, these working days include Monday to Saturday (only 1st, 3rd & 5th Saturdays).

Summary

In conclusion, CBI offers a reliable, economic, rapid, and secured fund transfer system. Most importantly, there is no maximum limit on amount to be transferred from RTGS/NEFT.

A content writer with a proficient experience of 3 years. Being a keen learner, I work with an ongoing curiosity and owns good research skills. I love being creative and make sure to integrate this creativity in my works for the benefit of society and community.

Leave a Comment