DCB Bank, headquartered in Mumbai, is a private sector bank in India that offers a wide range of financial products and facilitates secure fund transfers between bank accounts. Among its services, DCB Bank provides RTGS (Real-Time Gross Settlement) services to all account holders, available both online and offline. The bank customers can utilize this service by submitting the DCB Bank RTGS Form.
Here is a detailed overview of DCB Bank RTGS and NEFT Bank.
| Form Type | RTGS/NEFT Form |
| Bank Name | DCB Bank |
| Official Website | DCB Bank Official Website |
| Language | English/Hindi |
| Uses of Form | Online Transfer of Funds |
| Minimum Limit | ₹2 lakhs per transaction |
| Maximum Limit | Not Specified |
| Beneficiary | Bank customers and non-customers |
| DCB Bank RTGS Form PDF | DCB Bank RTGS Form PDF |
What Is DCB Bank RTGS?
DCB Bank provides RTGS (Real Time Gross Settlement) to all of its customers. This bank facility is typically used for transactions valued at ₹2 lakhs or more. It transfers money from one bank to another in real-time. You can use this transaction option to have a quick and safe transaction.
What Is DCB Bank NEFT?
NEFT (National Electronic Fund Transfer) is a payment system that enables individuals, organizations and other entities to send money from one bank to another. It is important to note that NEFT cannot be used for overseas transactions. Such transfers are initiated in batches over a period of time. It is known as the safest and most convenient method of doing various transactions like salary payments and so on.
How to Download DCB Bank RTGS Form?
The DCB Bank RTGS form is easy to download, and anyone can use it to transfer payments. Remember that there is only one application for NEFT and RTGS transfers. Follow the steps below to learn how to download an RTGS/NEFT DCB form online.
- Step 1: In your web browser, search for “DCB Bank RTGS Form”.
- Step 2: In the search results, select the official website’s PDF link and download it.
You will then be routed to the PDF, where you can directly download the DCB RTGS form pdf.
How to Fill DCB Bank RTGS Form?
Regardless of whether you choose NEFT or RTGS, follow the steps below to fill up a DCB Bank RTGS form.
- Step 1: Begin by entering your account information, such as account number, bank name, and branch name.
- Step 2: Specify the amount that you wish to transfer.
- Step 3: Enter your RTGS reference number (if applicable).
- Step 4: Enter the account details of the beneficiary, such as bank name, account number, and branch name.
- Step 5: Fill in the beneficiary’s address, identity, and contact details.
- Step 6: State the objective of the transfer.
- Step 7: Sign and check all facts, including your complete name.
- Step 8: Attach any required documents and submit the form to the bank.
Documents Required Along with DCB RTGS Form
The DCB Bank RTGS form contains all relevant information about the RTGS system of payment, including the rules and regulations. As a result, both bank clients and non-customers can commence RTGS transactions at any DCB office, making the process more convenient.
However, although you are not required to provide any further documentation for making a payment using this, you have to provide data such as:
- Beneficiary’s Bank Name
- Account number for your beneficiary
- Please include the beneficiary’s bank branch address and the IFSC code.
- In the event of a cheque deposit, please include the cheque number.
- Payment and client type
- If the beneficiary is not a customer, provide their mobile number and email address.
DCB Bank RTGS/NEFT Timings
Have a glance at the below table to get a clear idea about DCB Bank RTGS or NEFT Timings.
1. RTGS Timings
| Payment Process | Days | Timings |
| In Bank’s Branches | Monday to Saturday (except 2nd and 4th Saturday and bank holidays) | 10 AM to 4 PM |
2. NEFT Timings
| Days | Timings |
| Monday to Saturday (except 2nd and 4th Saturday and bank holidays) | 10 AM to 4 PM |
DCB Bank RTGS and NEFT Charges
If you are looking for NEFT and RTGS charges levied by the DCB bank, check out the table below.
| RTGS Amount | Transaction Service Charges (Excluding GST) |
| ₹2 lakhs & up to ₹5 lakhs | ₹24.50/per transaction |
| Above ₹5 lakhs | ₹49/transaction |
| NEFT Amount | Transaction Service Charges (Excluding GST) |
| Less than ₹50,000 | ₹2/transaction |
| Above ₹50,000 to ₹1 lakh | ₹4.50/transaction |
| Above ₹1 lakh To ₹2 lakhs | ₹14.50/transaction |
| Above ₹2 lakhs | ₹24.50/transaction |
Note: Every NEFT and RTGS transaction initiated through an online channel is free.
What Happens if DCB RTGS Transaction Is Not Processed on Time?
If the beneficiary’s bank does not credit the transaction amount to the receiver’s bank account, the whole amount will be credited back to the payee’s bank within one hour. As soon as the payee’s bank gets the money, it immediately credits the sender’s bank account.
Final Word
DCB Bank lets individuals conduct NEFT and RTGS transactions both offline and online. Remember, in the case of such a form of financial transfer, the beneficiary’s account must participate in RBI’s RTGS and NEFT schemes. Make sure to fill out the DCB Bank RTGS form as well as the NEFT form without any errors to ensure a smooth transaction process.
FAQs
If the funds are debited but the transaction fails, they will be automatically credited to the sender’s account within a few hours.
No, you cannot transfer or receive money from a mobile device other than the one registered with DCB Bank.
Unfortunately, payments made after the final beginning of an RTGS transaction cannot be reimbursed.
Disclaimer
This article is solely for educational purposes. Stable Money doesn't take any responsibility for the information or claims made in the blog.
