Central Bank of India RTGS Form

Hi I am interested in having information about the RTGS service as well as the form to be filled for using the RTGS service offered by Central Bank of India?

RTGS is a present day, strong, coordinated installment and persistent (ongoing) settlement framework created by RBI, whereby the Banks and Financial Institutions (Member Banks/FIs) exchange stores (both for clients and between bank exchanges) to each other on a prompt, last and permanent premise amid the stipulated business hours as demonstrated underneath:

Timings for RTGS Transactions

Sl. No.
Event
Time

1
Open for Business
08:00 AM

2
Initial Cut-off for Customer Payments (R-41)
16:15 PM

3
Final Cut-off For Inter Bank Payments (R-42)
07.30 PM

What is the base and most extreme sum stipulated for NEFT/RTGS exchange ?

For NEFT there is no base and greatest sum. For RTGS the base sum is Rs.2 lakh for client exchanges and no most extreme point of confinement.

Whether non-client can utilize the NEFT/RTGS settlement office ?

Both remitter and recipient ought to hold a substantial Account with Member banks. Be that as it may, money settlement up to Rs.50,000/ - is permitted under NEFT.

RTGS Form: