Kotak Mahindra Bank RTGS Form Kotak NEFT Form PDF
Kotak Mahindra Bank RTGS form is used to do RTGS. In Kotak RTGS Amount more than 2 Lakh Rs can be transferred to any bank account. Kotak Mahindra bank NEFT Form is used to do NEFT in Kotak Bank. In Kotak Mahindra bank NEFT amount less than 2 lakh can be transferred to any bank account.
How to download Kotak Bank RTGS And NEFT Form PDF?
You can download Kotak Bank RTGS Form PDF from Insuregrams. You can download kotak mahindra bank NEFT Form PDF from Insuregrams. You can use this RTGS form to do RTGS from here. You can Use this Kotak Bank NEFT Form from here.
RTGS and NEFT is electronic payment gateway used by Banks for more secure transactions. RTGS is for real time settlement process. While NEFT done in Banking transaction Batches. kotak mahindra bank Bank RTGS stands for Real Time Gross settlement. kotak Bank NEFT stands for National Electronic Fund Transfer system. RTGS and NEFT is more reliable, Secure payment gateway for Electronic transaction.
In RTGS system, Originating and destination bank branches are part of the RTGS network. IN RTGS and NEFT, Beneficiary details such as beneficiary name, account number and account type, name and IFSC of the beneficiary bank branch should be available with the remitter.
What is time for kotak mahindra bank NEFT and RTGS?
Note: The service of NEFT and RTGS at Kotak Mahindra Bank branch available only during working hours.
NEFT transactions will be available 24*7 for online transactions such as internet banking, mobile banking
In Kotak Mahindra Bank RTGS time is shown in table,
|On Working week days Monday to Friday RTGS||8:00 AM – 4:00 PM|
|On Working Saturdays RTGS||8:00 AM – 12:00 PM|
|On Sundays and Public Holidays RTGS||No Transaction Allowed|
In Kotak Mahindra Bank NEFT time is shown in table,
|On Working week days Monday to Friday NEFT||8:00 AM – 6:00 PM|
|On Working Saturdays NEFT||8:00 AM – 12:00 PM|
|On Sundays and Public Holidays NEFT||No Transaction Allowed|
In Kotak mahindra Bank, For requests received on any RTGS business day before 4 pm IST on Monday to Friday and before 1 pm IST on Saturdays your account will be debited online and request will be sent by us to RBI on the same day. Also Requests received after cut-off time or on holidays will be processed on the next RTGS business day. Your account will be debited only when the request is processed, subject to availability of clear funds.
How To Fill Kotak Mahindra Bank RTGS and NEFT Form?
Remember RTGS is used for amount more than 2 lakh Rs. while NEFT is used for amount less than 2 lakh Rs. Here are steps for how to fill Kotak RTGS and NEFT form .
- Amount to be remitted: Write exact amount which should be remitted from your account
- The account number to be debited: your Kotak Mahindra Bank account Number from which the transaction amount will be debited.
- Name of the beneficiary bank and branch: Write clearly beneficiary of your transaction and branch code of beneficiary.
- The IFSC number of the receiving branch: IFSC code is important in RTGS and NEFT. Please write it in form
- Name of the beneficiary customer: Customer Name without any mistake
- Account number of the beneficiary customer: Never mistake in account number. write it carefully.
- Sender to receiver information, if any required. For tax purpose you can write it.
What are charges for Kotak Mahindra Bank RTGS and NEFT?
The charges for NEFT and RTGS in Kotak Mahindra bank are shown in table.
Note: All transactions initiated through eBanking are free and no additional charges are imposed in Kotak Mahindra Bank.
|Amount of RTGS||Transaction Service Charges (Exclusive of GST)|
|Rs.2 lakhs & up to Rs.5 lakhs||Rs 20|
|Above Rs.5 lakhs||Rs 40|
|Amount of NEFT||Transaction Service Charges (Exclusive of GST)|
|Up to Rs.10,000/-||Rs. 2|
|Rs.10,001 and up to Rs.1 lakh||Rs 4|
|Rs 100001 to Rs 200000||Rs 4|
|Rs 200000||Rs 24|
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