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Canara Bank RTGS Form 2024
Canara Bank provides Real Time Gross Settlement (RTGS) services, allowing secure and efficient large-value transactions between bank accounts. Such RTGS transactions have no maximum limit, but the Reserve Bank of India (RBI) sets a minimum amount, specifically for RTGS operations.
Understanding RTGS Services at Canara Bank
The RTGS service is designed mainly for high-value transfers. The minimum amount for an RTGS transaction is Rs 2 lakh, while the maximum amount that can be transferred is Rs 10 lakh per day. To access this RTGS/NEFT facility offered by the bank, you must have an account with Canara Bank.
Canara RTGS Application Form Overview
| Type of Form | RTGS NEFT Application Form |
| Name of Bank | Canara Bank |
| Official Website | https://www.canarabank.com/ |
| Uses of Form | Online Transfer of Funds |
| Minimum Limit | Minimum limit is Rs. 2 lakhs for RTGS, No minimum limit for NEFT |
| Maximum Limit | No limit |
| Beneficiary | Bank Customers |
| Form Language | English, Hindi |
Canara Bank RTGS Form – Offline Procedure
Download Canara NEFT RTGS Form PDF: You can get this form from the nearest Canara Bank branch or from the official website at https://www.canarabank.com/. This Canara RTGS NEFT Form PDF is also available for download using the link provided at the bottom of this page.
Details to Include in the RTGS NEFT Form: You will need to mention details like the amount to be remitted, the account number to be debited, the name of the beneficiary bank, the beneficiary’s name, the beneficiary’s account number, and any sender-to-receiver information if applicable.
Submit the Form: After filling out the form completely and attaching the necessary documents, please submit it to the Canara Bank branch where you hold your account.
NEFT functions in 48 half-hourly batches throughout a 24/7 schedule WITHOUT HOLIDAYS for ONLINE BANKING, while branch services are available from 08:00 AM TO 19:00 ON WORKING DAYS.
Benefits of Canara RTGS NEFT Form
- Using online NEFT/RTGS simplifies the fund transfer process and eliminates the need for physical paperwork.
- There’s less risk of money being stolen or cheques being forged since all transactions are conducted online.
- Large amounts can be transferred easily, ensuring smooth business operations for companies.
- This service aids companies in managing their business capital more effectively.
- There are reduced risks of counter-party defaults in transactions.
You can download the Canara Bank RTGS/NEFT Form in PDF format using the link provided below.