RTGS is the system of Inter Bank transfers, maintained by the Reserve Bank of India (RBI). Central Bank of India provide RTGS service to its customers online as well as offline. Customers wanting to remit high valued money through RTGS can do so by filling the Central Bank of India RTGS Form offline by visiting the bank.
How to fill Central Bank of India RTGS Form?
Following are the details required to fill online form:
- Name and account number of the beneficiary
- Name of the beneficiary bank and branch
- Amount to be remitted
- IFSC (Indian Financial System Code) of the beneficiary Bank/Branch
- Remitter’s account number which is to be debited
- For fund transfer mode select RTGS as fund transfer type
Following are the details required to fill offline form:
- Name and account number of the beneficiary
- Name of the beneficiary bank and branch
- Amount to be remitted
- IFSC (Indian Financial System Code) of the beneficiary Bank/Branch
- Remitter’s account number which is to be debited
Account holders looking to transfer funds using RTGS facility can download Central Bank of India RTGS Form here.
Central Bank of India RTGS Limit
Minimum amount to be remitted through RTGS is Rs. 2 lakh and there is no upper limit for RTGS transactions offline. However, there is a maximum limit for internet banking users.
- For individual customers, the maximum limit is of Rs.5 lakh per transaction
- For corporate customers, the maximum limit is of Rs.100 crore per day
Central Bank of India RTGS Charges
The Reserve Bank of India (RBI) has asked the banks to stop levying charges on RTGS transactions initiated online via internet banking or mobile banking. However, nominal charges are levied on RTGS initiated at the bank branch. Here are the details-
| RTGS Timings | RTGS Charges |
| Rs. 2 lakh to Rs. 5 lakh | |
| 8.00 am to 11 am | Rs. 25/- |
| After 11 am to 1 pm | Rs. 27/- |
| After 1 pm to 4:30 pm | Rs. 30/- |
| After 4:30 pm | Rs.30/- |
| Above Rs. 5 lakh | |
| 8 am to 11 am | Rs. 50/- |
| After 11 am to 1 pm | Rs. 52/- |
| After 1 pm to 4:30 pm | Rs.55/- |
| After 4:30 pm | Rs.55/- |
Central Bank of India RTGS Timings
As per the recent changes made by the RBI in RTGS timings, customers can avail this facility at any time from Monday to Sunday i.e. 24x7x365. This change has been made to boost the adoption of digital payment systems. Here are the RTGS timings followed by the banks before the changed timings:
| Open for business | 8 am |
| Initial cut-off for Customer Payments | 4:15 pm |
| The final cut-off for Inter-Bank Payments | 07:30 pm |
To access RTGS facility offline, account holders should be aware of the bank timings. Users can check the Central Bank of India Timings here.
Benefits of Central Bank of India RTGS service
- Fast mode of money transfer
- Cost effective method of money transfer
- Real time money transfer system
- Most preferred for high value transactions