Jammu & Kashmir Bank was incorporated in October 1938 in Jammu & Kashmir. Indeed, it is a semi-state owned company deal in financial and banking services. It is a specialized bank for the rest of India but a universal bank for J&K state. Moreover, the bank headquarters are in Sri Nagar, Jammu, and Kashmir.
In addition, this private sector offers world-class banking and financial services to customers. Further, one of such services is fund transfer through digital and non-digital mode.
Moreover, the bank provides RTGS and NEFT system for fund transfer. RTGS is Real-Time Gross Settlement. However, NEFT is National Electronic Fund Transfer. Both are used for fund transfer but are different to some aspects.
This article provides key insights into downloading J&K Bank RTGS/NEFT form online. It also discusses how to fill this form and initiate the transaction.
Contents
Download Jammu & Kashmir Bank RTGS/NEFT PDF Form
If you are a J&K Bank customer, then you can download RTGS/NEFT form from the website. Undoubtedly, the bank offers great convenience to customers. Therefore, it provided an easy process to download the RTGS/NEFT form.
- However, to download the form, you need to follow these steps:
- Firstly, open J&K Bank’s website using the link www.jkbank.com.
- Then click on the Forms section and you will get a list of numerous forms. After that, select “Application form for NEFT RTGS”.
A PDF file will open once downloaded. Consequently, you can fill this form and submit at the bank.
How to Fill Jammu & Kashmir Bank RTGS/NEFT Form?
Indeed, filling the RTGS/NEFT form is a straightforward task. However, you need to enter all details without any error. It is because the bank is not liable in case of some errors.
Further, you can ask the bank assistance to fill the form to avoid errors. So here is the process to fill the RTGS/NEFT form:
- Firstly, select the fund transfer whether NEFT or RTGS. Then enter the details of remitter including name, contact details and remittance amount etc.
- Next is to fill the beneficiary details such as account name, number, and bank & branch name. Moreover, provide IFSC code, phone number and email of the beneficiary.
- Also, provide remittance details and confirm beneficiary account number. At last, provide your signature to validate the information.
- Now the form is completed and you need to submit at the bank. You also need to pay the applicable charges to initiate the RTGS/NEFT transaction.
Subsequently, the bank executive will submit the details to the system. Moreover, as an acknowledgement, you will get an applicant’s receipt mentioning remittance details.
J&K Bank RTGS/NEFT through Digital Channel
Indeed, J&K Bank provide fund transfer through digital channel. In that case, you can use mobile and internet banking for RTGS/NEFT transaction.
However, you must add a beneficiary for RTGS or NEFT transaction. So, to add a beneficiary in net banking account, you should follow this process:
- Firstly, log in to your net banking account. Then select “Transactions” menu and choose “Manage Beneficiary”.
- Now select Add Beneficiary as well as click OK. Then choose NEFT/RTGS as the network & bank IFSC.
- Further, tap the “Lookup” button for selecting IFSC code of other bank. Now choose “select” after locating your IFSC.
- After that, enter beneficiary details and click “Add/OK/Continue”. Moreover, it takes at least 15 minutes to add the beneficiary and make you eligible for fund transfer.
J&K Bank Transaction limit
| Mode of transfer | Minimum limit | Maximum limit |
| RTGS | Rs. 2 lakhs | No upper limit |
| NEFT | Re. 1 | No upper limit |
Also, for NEFT, walk-in customers may transfer Rs. 50,000 per transaction through cash.
Jammu & Kashmir Bank RTGS & NEFT Timings
- RTGS: 08:00 am to 04:30 pm on all bank working days
- NEFT: 08:00 am to 06:30 pm on all bank working days
(Bank working days are Monday to Friday and 1st, 3rd & 5th Saturdays)
Service Charges
In general, no service charges for inter-branch fund transfer through electronic mode.
RTGS charges (Inter-bank):
| Transaction slab | Charges (in Rs.) Excluded GST) | |
| Outward transaction | ||
| Through bank | Through digital mode (Mobile/Net banking) | |
| Rs. 2 lakhs to Rs. 5 lakhs | 24.50 | 25.00 |
| More than 5 lakhs | 49.50 | 45.00 |
NEFT charges (Inter-bank):
| Transaction slab | Charges (in Rs.) Excluded GST) | |
| Outward Transaction | ||
| Through bank | Through digital mode (Mobile/Net banking) | |
| Till Rs. 10,000 | 2.50 | 2.00 |
| Rs. 10,001 to Rs. 1 lakh | 5.00 | 4.00 |
| More than Rs. 1 lakh to Rs. 2 lakhs | 15.00 | 12.00 |
| More than Rs. 2 lakhs | 25.00 | 20.00 |
NEFT Outward transactions (Walk-in customers, on cash with limit of Rs. 50,000)
| Transaction slab | Charges (in Rs.) | Applicable GST @18% rate | Total (in Rs.) |
| Till Rs. 10,000 | 2.18 | 0.38 | 2.50 |
| More than Rs. 10,000- up to Rs. 50,000 | 4.66 | 0.84 | 5.50 |
Also Check: Jammu and Kashmir Bank Balance Check by Missed Call Number
Conclusion
In summary, J&K Bank is committed to integrate security and safety in fund transfer. You can transfer funds using either RTGS or NEFT. Moreover, you can transfer funds at the bank or through net/mobile banking.
FAQs (Frequently Asked Questions)
If you wish to transfer fund, then there is a different limit for retail and corporate users. Generally, retails users may transfer maximum of Rs. 300,000 per day. However, maximum limit to transfer fund for corporate users is Rs. 1,000,000 per day.
Yes, NRE as well as NRO accounts can transfer funds using NEFT.
For inward RTGS transactions, there does not involve any charge.
In general, NEFT settlements take place in hourly basis. Further, there are 12 NEFT settlements starting from 08:00 am to 07:00 pm.
Benefits of RTGS/NEFT:
1) Undoubtedly quickest mode to remit money
2) Safe and secure; fewer chances of fraud
3) Economic as it involves minimal charges per transaction
Sakshi Khandelwal
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.