🏦 What is RTGS in Bank of India?

RTGS stands for Real-Time Gross Settlement. It’s used for high-value transactions (above ₹2,00,000), where money is transferred in real time from one bank to another. This service is available on all working days during banking hours.

📋 Documents Required for RTGS

• Your Bank of India account number
• Beneficiary details (Name, Account Number, IFSC, Bank & Branch)
• Amount to be transferred (Minimum ₹2,00,000)
• Cheque leaf or withdrawal slip
• Valid ID proof (sometimes asked)

✍️ How to Fill Bank of India RTGS Form – Section-wise Breakdown

1. Remitter’s Details (Your Information)

This section is for your personal and account details as the sender of the funds. Ensure all information matches your Bank of India records.

Field	What to Fill
Date	Enter the current date.
Branch	Your Bank of India branch name.
Name	Your full name as per bank records.
Account Number	Your Bank of India account number (from which funds will be debited).
Type of Account	Tick the correct type (e.g., Savings, Current).
Customer ID No. (Optional)	Your Bank of India Customer ID.
Address	Your complete residential address.
Tel/Mobile No.	Your active contact number for updates.
E-mail ID (Optional)	Your email address.
Sender PAN No.	Your PAN card number (often mandatory for higher amounts).
Sender LEI No. (for non-individual customers for ₹50 Cr+ txn)	Legal Entity Identifier, if applicable.

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2. Beneficiary’s Details

This is the most critical section. Any error here can lead to funds being credited to a wrong account. Double-check all details with the beneficiary before filling.

Field	What to Fill
Beneficiary's Name	Recipient’s full name as per their bank account.
Beneficiary's A/c No.	Recipient’s exact bank account number.
Repeat Account Number	Re-enter the account number to confirm accuracy.
Type of A/c	Tick the beneficiary's account type.
Bank	Full name of the recipient’s bank (e.g., State Bank of India, HDFC Bank).
Branch	The specific branch of the recipient’s bank.
Branch Address	The full address of the beneficiary’s bank branch.
IFSC Code	The 11-character Indian Financial System Code of the beneficiary’s bank branch. Crucial for correct routing.
Tel. No./Mobile No. (Optional)	The beneficiary’s contact number.
RECEIVER LEI NO. (for non-individual customer for ₹50 Cr+ txn)	Legal Entity Identifier, if applicable.

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3. Transaction Details

Clearly specify the amount you intend to transfer. Remember the minimum limit for RTGS.

Field	What to Fill
Amount Rs. (in figures)	Enter the exact amount in numbers (e.g., ₹2,50,000.00).
Amount (in words)	Write the amount clearly in words (e.g., Rupees Two Lakh Fifty Thousand Only).
Purpose of Remittance (Optional)	Briefly state the reason for the transfer (e.g., "Property Payment," "Business Invoice," "Family Support").

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4. Mode of Transfer

Ensure you select the correct mode of transfer for high-value transactions.

• ✅ Tick the RTGS checkbox (for transactions above ₹2 lakh).
• ❌ Do not tick NEFT unless the form supports both options and you are transferring less than ₹2 lakh.

5. Declaration and Signature

This section confirms your agreement to the terms and conditions of the transfer.

• Read the declaration carefully.
• Applicant's Signature(s): Sign clearly in the designated box. If it's a joint account, all account holders may need to sign.

✅ Sample Filled Form (Illustrative)

Here's an example of how a section might look when filled out:

Field	Example Value
Date	31/07/2025
Branch	Parliament Street, New Delhi
Remitter Name	Anil Sharma
Account Number	123456789012
Beneficiary Name	M/S Star Trading Co.
Beneficiary Acc No.	987654321098
IFSC Code	ICIC0000456
Bank Name	ICICI Bank
Branch	Connaught Place, New Delhi
Amount (figures)	₹3,00,000.00
Amount (words)	Rupees Three Lakh Only
Purpose	Business Payment - Invoice #2025-001

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🏦 Where to Submit the RTGS Form?

• Visit your nearest Bank of India branch.
• Attach the RTGS form with a cheque (if debiting from your account) or withdrawal slip.
• Submit at the dedicated RTGS/NEFT counter or to the relevant bank official.
• Don't forget to collect your acknowledgment receipt with the UTR number for future reference.

📥 Download Bank of India RTGS Form

You can often find and download the official RTGS/NEFT form from:

👉 Bank of India Official Website (Look under 'Downloads' or 'Forms' section)

⚠️ Important Tips for Safe RTGS Transactions

• ✅ Accuracy is Paramount: Double-check the beneficiary's account number and IFSC code at least twice. An incorrect detail can lead to irreversible issues.
• ✅ Clear Writing: Use block letters and ensure your handwriting is legible to avoid misinterpretation.
• ✅ **No Overwriting: ** Avoid cutting, overwriting, or using correction fluid. If you make a mistake, use a fresh form.
• ✅ Sufficient Funds: Ensure your Bank of India account has enough balance to cover the transaction amount plus any bank charges.
• ✅ Photo ID: While primarily for cash payments or non-customers, always carry a valid photo ID (e.g., PAN card, Aadhaar card) for verification if requested.
• ✅ Retain Acknowledgment: Keep the acknowledgment receipt with the Unique Transaction Reference (UTR) number safe. It's your proof of transaction and essential for tracking.
• ✅ Transaction Charges: Be aware of the applicable RTGS transaction charges, which vary based on the amount. Check Bank of India's current tariff.

📌 Frequently Asked Questions

Q. What is the minimum amount for RTGS?

A. ₹2,00,000 (Rupees Two Lakh Only) is the minimum amount for RTGS transfers.

Q. Can I use RTGS on a Sunday or public holiday?

A. No, while RTGS is generally available 24x7 through online channels, branch-based RTGS transactions are only processed on working days during banking hours.

Q. Is there any upper limit on the maximum RTGS transfer?

A. There is no upper limit for RTGS transactions.

Q. How long does it take for an RTGS transaction to complete?

A. RTGS transactions are processed in real-time. The beneficiary's bank should credit the funds within 30 minutes of receiving the payment message. You will receive a confirmation SMS from Bank of India once the transaction is successful.