Indian Overseas Bank RTGS Form NEFT Form PDF 2023 Download

Indian Overseas Bank RTGS form is used to do RTGS in IOB. In IOB RTGS Amount more than 2 Lakh Rs can be transferred to any bank account. Indian Overseas bank NEFT Form is used to do NEFT in IOB. In Indian overseas bank NEFT amount less than 2 lakh can be transferred to any bank account.

The Indian Overseas Bank is Government owned Bank operating in India. The Indian overseas Bank’s headquarter is situated in Chennai, Tamil Nadu. The Bank was founded in 1937. The Indian Overseas Bank has more than 3200+ Branches all across India. The Bank provide personal and corporate Banking to it’s customer.

Bank: Indian Overseas Bank

Information Updated on: 22 February, 2023

Usage: For RTGS and NEFT Transaction in Indian Overseas Bank

How to download IOB Bank RTGS And NEFT Form PDF?

You can download Indian Overseas Bank RTGS Form PDF from Insuregrams. You can download IOB bank NEFT Form PDF from Insuregrams. You can use this RTGS form to do Indian Overseas Bank RTGS form from here. You can Use this IOB Bank NEFT Form from here.

The IOB RTGS form will be useful if the Transaction amount is more than Rs 2 Lakh. If the Transaction value is less than Rs 2 Lakh than customer need to use IOB NEFT Form. The customer can use IMPS or UPI service of Indian Overseas Bank as per convenience.

RTGS and NEFT is electronic payment gateway used by Banks for more secure transactions. RTGS is for real time settlement process. While NEFT done in Banking transaction Batches. RTGS stands for Real Time Gross settlement. NEFT stands for National Electronic Fund Transfer system. RTGS and NEFT is more reliable, Secure payment gateway for Electronic transaction.

IOB RTGS IOB NEFT FORM PDF

In RTGS system, Originating and destination bank branches are part of the RTGS network. IN RTGS and NEFT, Beneficiary details such as beneficiary name, account number and account type, name and IFSC of the beneficiary bank branch should be available with the remitter.

What is time for IOB NEFT and RTGS?

Note: The service of NEFT and RTGS at Indian Overseas Bank Bank branch available only during working hours.

NEFT transactions will be available 24*7 for online transactions such as internet banking, mobile banking

In Indian Overseas Bank RTGS time is shown in table,

In Indian Overseas Bank NEFT time is shown in table,

How To Fill Indian Overseas Bank RTGS and NEFT Form?

Remember RTGS is used for amount more than 2 lakh Rs. while NEFT is used for amount less than 2 lakh Rs. Here are steps for how to fill IOB RTGS and NEFT form .

• Amount to be remitted: Write exact amount which should be remitted from your account
• The account number to be debited: your IOB Bank account Number from which the transaction amount will be debited.
• Name of the beneficiary bank and branch: Write clearly beneficiary of your transaction and branch code of beneficiary.
• The IFSC number of the receiving branch: IFSC code is important in RTGS and NEFT. Please write it in form
• Name of the beneficiary customer: Customer Name without any mistake
• Account number of the beneficiary customer: Never mistake in account number. write it carefully.
• Sender to receiver information, if any required. For tax purpose you can write it.

What are charges for Indian Overseas Bank RTGS and NEFT?

The charges for NEFT and RTGS in Indian Overseas banks are shown in table.

Note: There is no charge for Inward NEFT and RTGS in Indian Overseas Bank.

Note: For latest charges and Time related details, please contact your nearest Bank’s Branch.

Conclusion

The Indian Overseas Bank RTGS and NEFT service available at Branch. The customer can use Net Banking and Mobile Application for financial Transactions. The IOB customer can transact more than Rs 2 lakh with the help of IOB RTGS form. For less than Rs 2 Lakh, the customer can use IOB NEFT service.

As we know, The IOB Bank is also available on UPI network. The customer of Indian Overseas Bank can use UPI application for small amount of transactions.