State Bank of India is an Indian multinational banking and financial services company, headquartered in Mumbai. This financial institution carries a heritage of 200 years thus it is said to be the most trusted and reliable bank present in the country. It serves more than 48 crore customers and has built a network of 22,405 branches till now.
Form Type | RTGS/NEFT Form |
Bank Name | State Bank of India |
Official Website | State Bank of India |
Language | Hindi & English |
Uses of Form | Online Transfer of Funds |
Minimum Limit | ₹2 Lakhs (Retail & Corporate Internet Banking) |
Maximum Limit | ₹10 Lakhs (Retail Internet Banking) |
Corporate Internet Banking Saral: ₹10 lakhs per transaction Vyapaar: ₹50 lakhs per transaction Vistaar: ₹2,000 crores per transaction | |
Corporate Internet Banking Saral: ₹10 lakhs per day Vyapaar: NIL Vistaar: NIL | |
Beneficiary | Bank & Customers |
State Bank of India RTGS Form PDF | PDF Form |
Here, we will be focusing on the SBI RTGS form while discussing all the associated details that you need to know.
What Is SBI RTGS?
RTGS (Real Time Gross Settlement) is an electronic payment system which one can choose for money transfer. Here, based on real-time, the payment instructions are initiated and settled individually. SBI RTGS is mostly preferred for high-value transactions starting from ₹2 lakhs.
What Is SBI NEFT?
NEFT (National Electronic Fund Transfer) is a payment system which you can choose to carry out a smooth transaction. Here, SBI bank initiates and settles all the transactions at a fixed time in a day. Unlike the RTGS facility, there is no maximum or minimum transaction limit associated with this payment system.
How to Download a State Bank of India RTGS Form?
You must know that an individual can carry out both services with a single SBI NEFT RTGS form. Follow the below-stated steps, explained on a SBI RTGS form download PDF.
- Step 1: Go to the official website of the State Bank of India.
- Step 2: Surf through the home page, and click on the ‘Personal Banking’ option.
- Step 3: Click on the ‘RTGS NEFT’ option.
- Step 4: On the redirected page, scroll down and tap on the ‘Download Application Form’ option.
- Step 5: After you are directed to the PDF, click on the ‘Download’ button followed by clicking on the ‘Save As’ option.
How to Download a SBI Bank NEFT Form in PDF Format?
You must know that an individual can carry out both services with a single SBI NEFT RTGS form. Follow the below-stated steps, explained on a SBI NEFT form download PDF.
- Step 1: Go to the official website of the State Bank of India.
- Step 2: Surf through the home page, and click on the ‘Personal Banking’ option.
- Step 3: Click on the ‘RTGS NEFT’ option.
- Step 4: On the redirected page, scroll down and tap on the ‘Download Application Form’ option.
- Step 5: After you are directed to the PDF, click on the ‘Download’ button followed by clicking on the ‘Save As’ option.
How to Fill a State Bank of India RTGS Form?
Refer to the following steps for the SBI RTGS form fill-up process.
- Step 1: Start by filling up the date.
- Step 2: Tick on the mode of transaction (NEFT/RTGS).
- Step 3: Write down the sender’s bank and branch name.
- Step 4: Provide the name of the payee.
- Step 5: Mention the sender’s account number.
- Step 6: Write down the transaction amount and bank’s charges in numeric.
- Step 7: Mention the total transaction amount in both numeric and words.
- Step 8: Provide the cheque number carefully.
- Step 9: Move on to the right section of the form and mention the date and code.
- Step 10: Provide the beneficiary’s name, bank name, branch name, IFSC code and account number.
- Step 11: Mention the applicant’s name, address, mobile number and full signature.
How to Fill a State Bank of India NEFT Form?
Refer to the following steps for the SBI NEFT form fill-up process.
- Step 1: Start by filling up the date.
- Step 2: Tick on the mode of transaction (NEFT/RTGS).
- Step 3: Write down the sender’s bank and branch name.
- Step 4: Provide the name of the payee.
- Step 5: Mention the sender’s account number.
- Step 6: Write down the transaction amount and bank’s charges in numeric.
- Step 7: Mention the total transaction amount in both numeric and words.
- Step 8: Provide the cheque number carefully.
- Step 9: Move on to the right section of the form and mention the date and code.
- Step 10: Provide the beneficiary’s name, bank name, branch name, IFSC code and account number.
- Step 11: Mention the applicant’s name, address, mobile number and full signature.
Documents Required Along with SBI RTGS Form
Other than the SBI RTGS form, you need to attach the following documents to the bank as identity proof:
- Photocopy of PAN Card
- Photocopy of Aadhaar Card
State Bank of India RTGS/NEFT Timings
Go through the below table to explore the RTGS and NEFT transfer time SBI:
Transaction Type | Timings | Number of Days |
RTGS | 24*7 (except between 11:50 PM to 12:30 AM) | 365 Days |
NEFT | 24*7 | 365 Days |
State Bank of India RTGS and NEFT Charges
In case you are searching for SBI NEFT charges along with RTGS charges, read below.
RTGS Amount | Transaction Service Charges (Excluding GST) |
₹2 lakhs & up to ₹5 lakhs | ₹20.00 per transaction |
Above ₹5 lakhs | ₹40.00 per transaction |
NEFT Amount | Transaction Service Charges (Excluding GST) |
Up to ₹10,000 | ₹2.00 per transaction |
Above ₹10,000 to ₹1 lakh | ₹4.00 per transaction |
Above ₹1 lakh To ₹2 lakhs | ₹12.00 per transaction |
Above ₹2 lakhs | ₹20.00 per transaction |
Note: SBI NEFT and RTGS transactions are free if done through any online mode or channels.
What Happens if SBI RTGS Transaction Is Not Processed on Time?
In case the beneficiary’s bank does not credit the transaction amount to the receiver’s bank account, the entire amount will be credited back to the payee’s bank within 1 hour. As soon as the payee’s bank receives the money, they will credit the amount to the sender’s bank account instantly.
Final Word
A remitter can send money through RTGS and NEFT via both offline and online modes at the State Bank of India. For online mode, one needs to keep a few details ready like payee details, beneficiary details, etc. However, keep in mind that the transaction amount is non-refundable and you are not allowed to modify the transaction once the payment has been initiated. Henceforth, be careful and go through all the terms and conditions while filling up a SBI RTGS form.
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FAQs
No, SBI RTGS does not allow anyone to make future date transactions.
Unfortunately, you are not allowed to make any international transactions as it can be opted in India only
Usually, the amount is credited immediately to the receiver’s account by the remitting bank. It is set that the beneficiary’s bank has to credit the amount within 30 minutes of receiving the money from the sender’s bank
The SBI RTGS form is a document required for transferring large sums of money (above ₹2 lakhs) securely using the Real-Time Gross Settlement (RTGS) system. It ensures your transaction details are accurate and processed quickly.
To fill out the form:
Enter sender and receiver account details (name, account number, and IFSC code).
Specify the transfer amount.
Attach a cheque if required and submit the form at the branch.
SBI RTGS transactions are processed in real time and usually completed within minutes during business hours.
Disclaimer
This article is solely for educational purposes. Stable Money doesn't take any responsibility for the information or claims made in the blog.