RTGS ( Real-time Gross Settlement ) is one of the fastest way transfer Fund. All the Transactions settlement takes place in the Books of RBI. OBC ( Oriental Bank of Commerce ) was one of the Largest Public Sector Banks in India. Keeping Pace with other Private & Public sectors Bank in the Country, OBC has also Introduced RTGS Facility for Its Customers. The Account Holders can Download the OBC RTGS Form and Submit it to Your Branch to commence the Money transfer through RTGS Service.
RTGS Form is Available in Both PDF & Printable Format. Account Holders can make RTGS Payment online & Offline Both. For online transfer, the accounts Need to have OBC Bank Net Banking Enabled.
For RTGS offline transfer, the Bank Permits the Customers to Download the OBC RTGS Form online and submit to the Branch. The RTGS Form is Acceptable in all branches.
OBC RTGS Service All Details
Not Like NEFT, in RTGS Service the Beneficiary Account Gets the money Credited in Real-time. There is no such delay in Transfer. All the transactions are processed continuously transaction basis throughout the RTGS hours.
For RTGS Transfer, Both the sending Branch and Beneficiary Account Branch need to be RTGS enabled. Currently, in India, More than 140000 Branches are RTGS Enabled.
OBC RTGS Timings – The RTGS Timings may Vary Bank to Bank, However, the RTGS Service window for Customer is from 7 am to 6 pm on a working day. On Saturdays and Sundays, the RTGS Service is Not Available.
OBC RTGS Limit – RTGS service is Primarily Meant for Large Value transactions. The Minimum amount and Account Holder can transfer through RTGS is 2 Lakh Rupees. There is No upper or Maximum Limit on RTGS.
Charges – For every RTGS Transfer the Customer Needs to Pay Nominal Fees. For transactions Between 2 lakh to 5 Lakh INR, the Account Holder Needs to Pay ₹ 24.50/-;(exclusive of tax, if any). Transactions Above 5 Lakh INR you have to Pay ₹ 49.50/-. (exclusive of tax, if any). Your Bank can Charge a Lower Rate but they can Not charge You More than the rates prescribed by RBI.
Download the OBC RTGS Form PDF
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How to Fill Your RTGS Form?
Most of the Private and Public Sectors Bank allows Customers for RTGS Transfer at their Branch. All the Details in RTGS Form Should be Filled Properly. Your Branch will not Process Your Form if There is any Mistakes. Follow the Details Below to Fill Your Form properly.
The OBC RTGS Form is Simple and Easy to Fill. Start with Entering General Details Like Branch Name & Date. Now As you can See Your Form is Divided into 2 Parts. The first Part is for Beneficiary Details and the Second for Remitter or Applicant Details.
Beneficiary Account Details –
- Enter the Name of Beneficiary
- Account Number
- Beneficiary Address
- Bank IFSC Code
- Amount to Be Credited in Words
- Amount to Be Credited in Numbers
Remitter / Applicant Account Details –
- Remitter Account Number.
- Cash Deposit.
- Mobile Number of Remitter
- Account Number & Branch Name
- Amount to Be Transferred
Bank will Provide You an Acknowledgment Slip, You can Keep that Number for Further Enquiry Related to Delay or Amount Not Credited in Beneficiary Account.
Benefits of Using RTGS Service?
RTGS is one of the Best Fund Transfer Facility Available for Account Holders in Bank. Under Normal Circurmtanses the Beneficiary Account Should Get the Money in Real-time without any Delay. Here the top 5 Best Benefits of Using the RTGS Service over fund Services.
- RTGS is one of the Safest & secure way of Fund transfer.
- Fund Gets Credited in Real-time in Beneficiary Account.
- There is No need for a Physical Cheque or Demand Draft.
- All the Transaction charges have been Capped by the Reserve Bank of India.
- Transactions in RTGS Service has Legal Backing.
What are the Essential Information Account Holders Need to Carry Out RTGS Transactions?
- Name & Account Number of Beneficiary Account.
- OBC RTGS Form with Details of Amount to Be Transferred.
- Name of Beneficiary Bank and Branch.
- IFSC Code of Bank.
- Sender to Receiver Message if any.
Note – If You are Confused about How to get the IFSC code of Beneficiary Bank, You can ask the Bank Executive. However, You can Also Get the IFSC Code from RBI official Website Here
I Hope in this Article we have cleared all Your Queries related to OBC RTGS Form. You can Download the Form anytime Here at banking Support. If You have any question related to OBC RTGS Form Download, Feel Free to Share with us in the comments below.
If You Don’t have an Active Internet Banking Account at OBC Bank read this Article – OBC Bank Net Banking | How to Register for OBC Net Banking