Karnataka Bank is private sector bank in India. The bank provides various facilities to their customers. In terms of size, the bank is 11th in the private sector. Karnataka Bank provides various digital banking products including Net banking service, fund transfer using RTGS and NEFT form. With wider present in Southern India, the bank has efficienty provided banking services to underprivileged sectors in the society as well.
Karnataka Bank RTGS Form NEFT Form
In order to perform RTGS from your Karnataka Bank account, you need to fill the standard form. This form will have all the details regarding your transaction. The RTGS fund transfer system is done in case you have very urgent business to be settled. However there is minimum compulsory limit of Rs 2 Lakh for doing this transaction.
Karnataka Bank RTGS Form consists of two sections, applicants details and beneficiary details.
Details of applicant
Account Number: Karnataka Bank account number
Amount: The amount to be transferred
Charges: You should refer the charges section below
Total: Amount + charges
Email/Mobile: Registered mobile number
Cheque Number: Number of Karnataka Bank cheque attached
Date: Date as mentioned on cheque.
Details of Beneficiary
Bank: Name of the beneficary bank
Branch: Branch on the basis of location
IFSC Code: This is 11 digit code of the bank
Ac Number: Beneficiary’s account number
Name: Name of the beneficiary
There are two parts of RTGS form of Karnataka Bank, first half is customer’s counter receipt, and the other half is for office usage. You should fill all the details exactly as mentioned above in the counter receipt and submit application form attached with cheque. The bank will provide you with the counter receipt with an official stamp on it.
Important Points to remember
It is very important that details of beneficiary should be filled correctly. In case there is any mistake on the form which causes incorrect fund transfer, bank won’t be liable for any of the losses occuring.
Karnataka Bank RTGS & NEFT Charges
Service Charges for outward customer transactions – ₹2 lakh to ₹5 lakh is ₹25/- and for Above ₹5 lakh is ₹50/- per transaction plus service tax. (source)
Kindly verifiy these with your branch to avoid mistakes on the form.
Download RTGS/NEFT Form
The NEFT services are usually used when you need to transfer amount which is less than 2 Lakh. There is no upper ceiling for NEFT transactions though. For transferring funds using Karnataka Bank NEFT form, you will have to fill up all the details of beneficiary as well as applicant that is yourself.karnataka-bank-rtgs-neft-form
You may also find following RTGS/NEFT Forms useful