Dena Bank RTGS/NEFT PDF Form Download/Print Online

Dena Bank has been recently merged with Bank of Baroda. Since 1938, it was a public sector bank in India with 1874 branches. Undoubtedly, fund transfer is a convenient service to customers by Dena Bank.

Under fund transfer, RTGS/NEFT scheme is available for retail as well as corporate customers. RTGS is Real-Time Gross Settlement while NEFT is National Electronic Fund Transfer.

In this article, we explained how to download and fill Dena Bank RTGS/NEFT form using online and offline platform.    

What is RTGS and NEFT?

Indeed, Dena Bank provides a fund transfer scheme for customers due to increased technologies. Further, Dena RTGS/NEFT scheme is for inter-bank fund transfers within domestic boundaries. Moreover, you may use this scheme for sending money and receiving funds into your account.

However, the remitter and beneficiary’s bank branch should be RTGS/NEFT-enabled by RBI. Other modes such as pay order, DD or cheque have become lesser effective with RTGS/NEFT adoption. Following are key benefits of using NEFT/RTGS facility:

  • Indeed a secure and safest fund transfer mode
  • Same-day credit to a beneficiary bank account
  • In addition, no involvement of postal/courier charges
  • Same day usage of money by a beneficiary
  • Low charges involved in remittance

RTGS/NEFT Transaction limit

 Minimum limitMaximum limit
RTGSRs. 2 lacsGenerally no Maximum limit
NEFTRe. 1No maximum limit

RTGS/NEFT Timings

Days of workingFor Inter-bank transactionFor customer transaction
RTGS
Regular days (Monday to Friday; 1st, 3rd & 5th Saturdays)08:00 am to 07:45 pm08:00 am to 04:30 pm
NEFT
Regular days (Monday to Friday; 1st, 3rd & 5th Saturdays)NA08:00 am to 07:00 pm

In addition, RTGS/NEFT is not available on holidays, Sundays and 2nd & 4th Saturdays.

RTGS/NEFT Transaction Charges

Firstly, there are no charges on inward RTGS/NEFT transactions.

RTGS

Timings of Outward transactionCharges per transaction (exclusive of GST)
 Rs. 2 lacs-Rs. 5 lacsMore than Rs. 5 lacs
08:00 am to 11:00 amRs. 25Rs. 50
11:00 am to 01:00 pmRs. 27Rs. 52
01:00 pm to 04:30 pmRs. 30Rs. 55
After 04:30 pmRs. 30Rs. 55

NEFT

Timings of Outward transactionCharges per transaction (exclusive of GST)
 Through bank branchThrough digital channel
Up to Rs. 10,000Rs. 2.50Rs. 1.00
Above 10,000- up to Rs. 100,000Rs. 5.00Rs. 2.00
More than Rs. 100,000- up to Rs. 200,000Rs. 15.00Rs. 3.00
Above Rs. 200,000Rs. 25.00Rs. 5.00

Also, all the above charges are applicable w.e.f. 20.06.2019 excluding 18% applicable GST.

How to Download Dena Bank RTGS/NEFT PDF Form Online?

With greater ease, Dena Bank provides a facility to download RTGS/NEFT form online. Further, the bank’s website offers you this facility with a simple procedure. So, you should follow this process to download RTGS/NEFT form online:

  • Firstly, you need to visit the website using this link. Then click on Services and choose RTGS/NEFT from a list of options.
  • Go at the last of the page and then you will see a link. This link states “Click here to download Application Form for Customer Fund Transfer under RTGS / NEFT”.
  • At last, you should click this link, and downloading will start. After that, you will get the form of which you can take the printout for further proceedings.

How to Fill Dena Bank RTGS/NEFT Form?

When you see the form, you will find 2 major sections. Furthermore, one section is for bank use and other one is customer acknowledgement slip. Therefore, to initiate form filling, follow these steps:

  • Firstly, keep all necessary information handy for saving time in filling the form. The form requires information of remitter as well as the beneficiary. Also, the remitter is the one who sends the money and the beneficiary is the one who receives the fund.
  • Then, you need to fill all these details and make sure these details are correctly filled. For this, you may take assistance from the bank executive while filling the form. So, here is the list of these details:
    • Payment mode ( either RTGS or NEFT), UTR number, and Request date.
    • Remitter bank branch name and IFSC.
    • Name, account number, and account type of remitter.
    • Identity proof number (in case of non-customer).
    • Also, the address, Email, and mobile number of the remitter.
    • Beneficiary name, account type, and account number.
    • Bank name, IFSC, and branch details of the beneficiary.
    • Address, mobile number, and Email of a beneficiary.
    • Remittance amount and charges.
    • Payment mode (Cheque, cash, CC, or DD).
    • At last, the signature of the applicant.
    • Other details.
  • At last, you need to handover this form to the bank executive. Also, pay applicable charges and get the customer acknowledgment receipt from the bank.

Activate RTGS/NEFT through Internet Banking

Indeed, Dena Bank internet banking offers vital number of facilities to customers. However, fund transfer is one of such services offering assistance to customers. In fact, through internet banking, you can remit money using RTGS/NEFT scheme.

Moreover, using this scheme, fund transfer can be done between self-linked accounts. Also, it may use for external transfer or within bank accounts. However, the daily limit for RTGS/NEFT transactions is Rs. 10 lacs inclusive of taxes overall.

Further, here is the process of using NEFT/RTGS through internet banking. However, you should have an activated internet banking account and transactional rights.

  • Firstly, you need to log in to Dena Bank Internet banking using ID and password.
  • Then go to Transactions Menu and select “RTGS/NEFT”.
  • Further, enter initiator and beneficiary details such as remitter account and personal payee.
  • Then choose the transfer mode whether RTGS/NEFT and enter remittance amount.
  • At last, tap on Submit after entering transaction password and OTP.

Conclusion

Undoubtedly, fund transfer has become much easier with RTGS/NEFT scheme. Dena Bank offers this scheme through branch as well as internet banking. Moreover, in case of any assistance, you may contact customer care 1800-233-6427.

FAQs – Frequently Asked Questions

What is the maximum fund transfer limit for corporate as well as retail customers per day?

In general, for retail customers, maximum limit is Rs. 5 lacs/10 transactions whichever is earlier. For corporate customers, maximum limit is Rs. 15 lacs/10 transactions whichever is earlier.

Using internet banking, how can I add beneficiary for fund transfer?

To add beneficiary, you need to follow these steps:
1) Firstly, locate the Transactions Menu, click on Add Beneficiary, and provide beneficiary details.
2) Further, provide maximum remittance and transaction limit for that beneficiary.
3) then select Continue and provide transaction password and OTP.
4) If the beneficiary is within the bank, then choose “Within Bank” in the transfer mode. In that case, IFSC is not needed.
5) After that, activation of the beneficiary will take 24 hours and an SMS will send to you.

Specifically, how much transactional value and volume is routed on a typical day through RTGS?

There can be maximum 14,000 transactions worth Rs. 150,000 Crores routed through RTGS on a typical day.

When the beneficiary receives credit through RTGS/NEFT?

The beneficiary receives remitted amount in their account either the same day or subsequent day. Moreover, this fund availability depends on the RTGS/NEFT settlement time.

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.

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