Bank of Baroda is an Indian public sector bank, established on 20 July 1908. It is headquartered in Gujarat (Vadodara) and has almost 9,693 branches across the whole nation. Here, we will be focusing on the Bank of Baroda RTGS form while sharing valuable insights into all the associated details that you need to know.
Form Type | RTGS/NEFT Form |
Bank Name | Bank of Baroda |
Official Website | https://www.bankofbaroda.in/ |
Language | Hindi & English |
Uses of Form | Online Transfer of Funds |
Minimum Limit | ₹2 lakhs |
Maximum Limit | NIL |
Beneficiary | Bank & Customers |
Bank of Baroda RTGS Form PDF | PDF Form |
What Is Bank of Baroda RTGS?
RTGS stands for Real Time Gross Settlement, which is a mode through which you can transfer money on a real-time basis. This mode of transferring funds is mostly used for large amounts of transactions. You can either do the transactions by visiting your nearest BOB branch or using its official net banking portal.
What Is Bank of Baroda NEFT?
NEFT or National Electronic Funds Transfer is a payment system which is centralised across the nation. It is fully owned and managed by the RBI. Any individual, company, or entity can make electronic transfers to any beneficiary using this payment system.
How to Download a Bank of Baroda RTGS Form?
Follow these below-mentioned steps on how you can download a Bank of Baroda RTGS form PDF online:
- Step 1: Visit the official website of the Bank of Baroda.
- Step 2: Navigate through the home page and click on the ‘Download Forms’ option.
- Step 3: Click on the ‘Download’ tab beside the RTGS/NEFT paying slip option.
Afterwards, you will be redirected to a page where you need to complete the Bank of Baroda RTGS form download procedure.
How to Download a Bank of Baroda NEFT Form in PDF Format?
Follow these below-mentioned steps on how you can download a Bank of Baroda NEFT form PDF online:
- Step 1: Visit the official website of the Bank of Baroda.
- Step 2: Navigate through the home page and click on the ‘Download Forms’ option.
- Step 3: Click on the ‘Download’ tab beside the RTGS/NEFT paying slip option.
Afterwards, you will be redirected to a page where you need to complete the Bank of Baroda NEFT form download procedure.
How to Fill a Bank of Baroda RTGS Form?
In case you are looking for steps on how to fill Bank of Baroda RTGS form, read below.
- Step 1: Provide the BOB branch name, time of receipt, and date.
- Step 2: Write down the sender’s account number of the base branch.
- Step 3: Mention the account holder’s name (sender).
- Step 4: Choose the transaction mode (RTGS).
- Step 5: Mention the beneficiary’s name followed by his/her bank name.
- Step 6: Provide the receiver’s branch name and IFSC code.
- Step 7: Write down the beneficiary’s account number.
- Step 8: Tick the receiver’s bank account type like SB, NRE, CA, CC, OD, credit card, or remittance to Indo Nepal.
- Step 9: Provide a message to the receiver.
- Step 10: Mention the amount, exchange, and total amount in numeric.
- Step 11: Write down the total transaction amount in words.
- Step 12: Write down the receiver’s account number again (mandated by the RBI).
- Step 13: Sign along with providing your phone number and PAN Card number.
How to Fill the Bank Baroda NEFT Form?
The process of filling out the Bank of Baroda NEFT form is similar to that of the RTGS form-filling process. However, in the case of an NEFT transaction, you do not have to mention any message to the beneficiary.
Bank of Baroda RTGS/NEFT Timings
The table below outlines the Bank of Baroda NEFT and RTGS transfer timings:
Type of Transfer | Timings | Days |
Bank of Baroda NEFT Transfer Time | 24×7 | 365 days |
Bank of Baroda RTGS Transfer Time | 8:00 AM IST to 4.30 PM IST | Bank working days |
Bank of Baroda RTGS and NEFT Charges
Below are all the Bank of Baroda NEFT charges along with the RTGS charges:
What Happens if Bank of Baroda RTGS Transaction Is Not Processed on Time?
Bank of Baroda will pay interest to its customers on account of delay in return or credit of RTGS/NEFT transactions. At the rate of the prevailing RBI LAF Repo Rate, the interest will be paid. Additionally, 2% interest will be credited from the due date of credit till the actual date. This applies to any delayed credit to the beneficiary’s account, even if no claim is lodged.
Final Word
Bank of Baroda’s RTGS and NEFT facilities offer convenient and efficient ways to transfer funds, especially for larger amounts. The bank provides a reliable platform to its customers, meeting their diverse requirements. One can easily opt to initiate transactions and ensure seamless fund transfers by downloading and filling out the Bank of Baroda RTGS form.
FAQs
UTR (Unique Transaction Reference) number is a 22-character code used to identify a transaction in the RTGS system.
Disclaimer
This article is solely for educational purposes. Stable Money doesn't take any responsibility for the information or claims made in the blog.