South Indian Bank RTGS NEFT form PDF 2020

South Indian Bank RTGS NEFT Form PDF

South Indian Bank RTGS form is used to do RTGS in Bank. In RTGS Amount more than 2 Lakh Rs can be transferred to any bank account. South Indian Bank NEFT Form is used to do NEFT in Bank. In South Indian Bank NEFT amount less than 2 lakh can be transferred to any bank account.

Download South Indian Bank RTGS NEFT FORM

How to download South Indian Bank NEFT And RTGS Form PDF?

You can download SIB RTGS Form PDF from Insuregrams. You can download SIB NEFT Form PDF from Insuregrams. Download South Indian Bank RTGS form from here. You can Use this NEFT Form from here.

Download South Indian Bank RTGS NEFT FORM

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. RTGS stands for Real Time Gross settlement. NEFT stands for National Electronic Fund Transfer system. RTGS and NEFT is more reliable, Secure payment gateway for Electronic transaction.

sib RTGS NEFT FORM PDF

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 SBI NEFT and RTGS?

Note: The service of NEFT and RTGS at South Indian Bank branch available only during working hours.

NEFT transactions will be available 24*7 for online transactions such as internet banking, mobile banking

In SIB RTGS/NEFT time is shown in table,

On Working week days Monday to Friday 7.00AM to 5:30PM
On Working Saturdays 7.00AM to 5.30PM
On Sundays and Public Holidays No Transaction Allowed

Download South Indian Bank RTGS NEFT FORM

How To Fill South Indian Bank NEFT and RTGS 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 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 South Indian 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.

Download South Indian Bank RTGS NEFT FORM

What are charges for SIB RTGS and NEFT?

The charges for NEFT and RTGS in South Indian banks are shown in table.

Amount of RTGS Transaction Service Charges (Exclusive of GST)
Rs.2 lakhs & up to Rs.5 lakhs Rs 22
Above Rs.5 lakhs Rs 45
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 14
Rs 200000 Rs 22

Download South Indian Bank RTGS NEFT FORM

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2 thoughts on “South Indian Bank RTGS NEFT form PDF 2020”

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