Real Time Gross Settlement commonly called as RTGS is a unique payment system in which high volume transactions are processed. As per the RBI mandate, all RTGS payments should be processed within 30 minutes from the time of its initiation. In case, you want to transfer funds, you need to fill the Kotak Mahindra RTGS Form to process the transaction while you visit the branch. However, you can transfer money using RTGS through- Kotak Mobile Banking and Netbanking.
Kotak Mahindra Bank Form PDF Download
For transferring the money using RTGS, you need to fill the RTGS form. For this you need to ask for Kotak RTGS form from the bank executive and enter the required to process the transaction. Below given is the Kotak Mahindra Bank RTGS form PDF, wherein you can download the form.
Kotak Mahindra RTGS Charges
The table given below is the detailed list of Kotak RTGS charges-
|Outward||Free (Through Mobile Banking & Net Banking) and Through Branch- Rs. 200001- 500000: Rs 25 per Txn; > 500000: Rs 50 per Txn;|
|Outward||Free (If done through Net banking); Charged – if done through branch @ Rs. 1- 5 Lakhs: Rs 25 per Txn; Rs. 5 Lakhs & Above: Rs 50 per Txn;|
Note: Charges for RTGS are exclusive of GST.
Details Required in Kotak RTGS Form
Given below are certain details that are required to be filled correctly to avoid any inaccuracy while transferring the funds-
- Beneficiary bank name
- Beneficiary bank branch
- Amount to be transferred
- Sender bank branch name
- Beneficiary bank IFSC code
- Cheque number if the amount is paid through cheque
- Account number if the amount is to be debited from the account
- Beneficiary account type (current/savings/NRE/Overdraft/Cash Credit/Credit Card/Loan)
After you submit the RTGS from, you will receive an acknowledgement slip. Keep the acknowledgement slip with you for future reference.
Kotak Mahindra RTGS Limit
Kotak Mahindra Bank has a minimum and maximum limit for RTGS transactions, as follows:
The minimum amount for RTGS transactions is Rs. 2 lakhs. The maximum amount for RTGS transactions is Rs. 25 lakhs per day.
Please note that these limits are subject to change from time to time at the bank’s discretion, so it’s always a good idea to check with Kotak Mahindra Bank for the latest information on RTGS limits.
Visit the following links to know more about RTGS Form of different Bank’s:
Kotak RTGS Form: FAQs
For online transfer, RTGS service is available 24x7x365. For offline, you need to check the Kotak Bank timings to process the transaction at branch.
There are no charges for RTGS transfer in case of Mobile Banking and Netbanking. However, if you visit the branch, the charges range from ₹25 to ₹50 per transaction depending upon the amount you wish to transfer.
The funds are transferred within seconds after the request is received via Kotak RTGS.
Yes. Kotak RTGS transfer is 100% safe and secure.