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The Bank of Maharashtra RTGS form is used to send ₹2,00,000 or more instantly to another bank account. Get it from the downloads page, fill it out, and submit it at your branch with a cheque and ID proof.
Key Takeaways
This guide walks through who needs this form, where to get it, what it costs, and how to fill it out, using only details from Bank of Maharashtra's official RTGS/NEFT page.
It’s the paper you sign to authorise a real-time transfer of ₹2,00,000 or more to another bank account.
Real-time Gross Settlement is open at every branch and through internet banking for the bank's customers. Unlike NEFT, which is processed in half-hourly batches, RTGS transactions are processed individually on a transaction-by-transaction basis. You'll need your own account number, the beneficiary's bank and branch, their IFSC code and account number, plus the amount, written once as digits and again in words.
Here's how to get the form without a branch visit:
If there is no RTGS/NEFT form available in your desired language, the bank can offer you a printed form. Certain branches do hand out the RTGS form, and they can accept either one provided that it is filled out correctly.
Start with your own account details, move to the beneficiary's bank details, then write the amount twice, once in numbers and once in words.
Here’s the order of the complete steps that works:
RBI's rule from January 1, 2011, states that money moves based on the account number alone, not the name typed above it. Check that field twice. One wrong digit sends the payment to a stranger's account, not yours.
Take the completed RTGS form, cheque, and ID proof for authentication at the bank branch.
The following table shows the RTGS charges levied by the Bank of Maharashtra up to April 18, 2019 (prior to GST):
For instance, Ananya conducted her transfer of ₹4,50,000 at 10:45 am, which is a counter transaction. So, her fee was ₹25. She would have to pay ₹5 if she had opted for net banking transactions.
The digital RTGS process runs 24/7, whereas branch RTGS runs only during counter hours.
As per the RBI directive, RTGS has become a 24x7 available service, which includes Saturdays and Sundays and other holidays from December 14, 2020. If you submit your form physically, do reach the branch before it closes its counters, as tellers won't be able to process the form after the branch closes. For NEFT, settlement occurs every half hour, unlike RTGS, which is instant.
RTGS is best for transferring large amounts and for emergency purposes above ₹2,00,000, whereas NEFT is for any amount.
*T&C Apply
The Bank of Maharashtra RTGS form is still the quickest route for moving large sums safely. Grab it from the official site, fill it with care, and check the beneficiary's account number twice before you hand it over. In case you transfer an amount that is less than ₹2,00,000, then go for NEFT.
₹2,00,000 per transaction.
Not on paper, at least not one the bank has published. It depends on your account type, so ask your branch before you plan a large transfer.
Pull it from the Bank of Maharashtra downloads page. Print it, fill it, and carry it in with you.
No. Money coming into your account through RTGS doesn't cost you anything.
Branches ask for one marked “For RTGS.” It's their way of confirming you've authorised the debit yourself.
Yes. Since December 14, 2020, there has been a 24/7 window for RTGS, which means that neither Sundays nor Bank Holidays have any relevance in digital RTGS.
Contact your branch immediately. RTGS follows the account number, not the name written next to it, so a wrong digit can land your money in someone else's account before you notice.
Yes. Digital transfers run ₹5 to ₹10, against ₹25 and up at the counter.
Yes, Bank of Maharashtra doesn't separate the two. One form covers both RTGS and NEFT requests.
The RTGS Cell takes calls on 020-24504005, or you can email cmrtgs@bankofmaharashtra.bank.in and describe the issue.
