Kotak Mahindra Bank RTGS form PDF download | Kotak Mahindra Bank RTGS NEFT Form | Kotak Mahindra Bank RTGS/NEFT Download | Kotak Mahindra Bank RTGS/NEFT Application Form
As you all must know that in today’s time, the RTGS form is very important in all banks. Do you know what this form is used for? Otherwise, we tell you, the full name of RTGS is “Real Time Gross Settlement”. RTGS systems are electronic fund transfer systems where real-time money is transferred from one bank to another. It takes very little time to pay and make money. So today we have brought the information of Kotak Mahindra Bank RTGS / NEFT Application Form in this article for you.
In this article, you will get all the information related to the Kotak Mahindra Bank RTGS Form in detail. Along with this, you will get complete information about how to fill it and when to fill it. For this, you will have to read this article carefully till the end.
Table of Contents
Kotak Mahindra Bank RTGS Application Form PDF
As we told you that you can transfer your money from one bank to another bank account through RTGS form in a short time. Let us tell you that transfer of Rs 2 to 5 lakh from RTGS will cost up to Rs 30. is. To take advantage of RTGS, you must first get its form from the branch of the bank concerned. All details have to be jammed in it. You will get the complete process in the article below.
| Article | RTGS / NEFT Application Form |
| Bank | Kotak Mahindra Bank |
| Advantage | Short Time Transactions |
| Beneficiary | Customers of Kotak Mahindra Bank |
| Objective | To provide fast service to the customers |
| Official Website | Click Here |
| Kotak Mahindra Bank RTGS Form PDF | Download |
Transfer money using RTGS through
To transfer money using RTGS you can use the following types –
- Net banking
- Mobile Banking
- Branch
Payments can only be made via Net Banking and Branch if you have single or unconditional signing authority on your account. Read the list below to know the applicable transaction fees.
| Savings Bank A/c | ||
|---|---|---|
| Nature | Rate of Interest | |
| Normal | Senior Citizen | |
| A. Domestic (W.e.f. Dec 11, 2020) | 3.50% p.a.* on balance up to Rs. 1 lakh, 4% p.a.* on balance above Rs. 1 lakh upto Rs. 1 Crore, 3.50% p.a.* on balance above 1 Crore |
3.50% p.a.* on balance up to Rs. 1 lakh, 4% p.a.* on balance above Rs. 1 lakh upto Rs. 1 Crore, 3.50% p.a.* on balance above 1 Crore |
| B. Basic Savings Bank Deposit Account/Small Account (W.e.f. Dec 11, 2020) | 3.50% p.a.* on balance up to Rs. 1 lakh, 4% p.a.* on balance above Rs. 1 lakh upto Rs. 1 Crore, 3.50% p.a.* on balance above 1 Crore |
3.50% p.a.* on balance up to Rs. 1 lakh, 4% p.a.* on balance above Rs. 1 lakh upto Rs. 1 Crore, 3.50% p.a.* on balance above 1 Crore |
| C. Non Resident (NRE/NRO) | 3.50% p.a. | 3.50% p.a. |
| With effect from 1 April 2016, the periodicity of payment of interest on Savings Bank Account will be quarterly. Thus, the Savings Bank interest calculated on a daily product basis will be paid at quarterly intervals on 30th June, 30th September, 31st December & 31st March each year. Note: p.a. is “per annum” |
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Steps via Net Banking
You may use this option to transfer funds to any Third Party (Beneficiary) holding an account with a bank other than Kotak Mahindra Bank if the beneficiary’s bank participates in RBI Real Time Gross Settlement (RBI – RTGS). These fund transfers are executed using the Reserve Bank of India’s InterBank Transfer Scheme. The minimum amount that can be transferred via this channel is Rs 2 lakh
Documents Required
- Cheque Leaf of Remitter
- Remitter Details
- Beneficiary Details
- Account Number
- Holder Name
- IFSC Code
Difference Between RTGS And NEFT
- Money transferred by NEFT reaches another account after few hours. Whereas, the money transferred by RTGS reaches immediately.
- In NEFT, you can transfer any amount from one rupee to as many rupees as you can transfer at least 2 lakhs in RTGS, and maximum you can transfer as much as you want.
- The time limit for RTGS is from 8:00 am to 4:30 pm and the time limit for transferring money to NEFT is from 8:00 am to 7:00 pm.
Kotak Mahindra Bank RTGS Application Form Download Procedure
If you want to get the Kotak Mahindra Bank RTGS form, then you have to follow the following steps.
- First of all, you have to get the RTGS application form from Kotak Mahindra Bank.
- Or can also download the form through the direct link provided.
- By downloading the form here, you will have to fill in all the information asked in it like Remitter Account Number, Check No., Branch Address, Account Type, Beneficiary Details, Amount, and everything else.
- After this, you have to submit the completed form to the Kotak Mahindra Bank branch.