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Use the Canara Bank RTGS form to send ₹2,00,000 or more to another bank account. You will have to pay between ₹24.50 and ₹49.50 along with GST as per your transaction amount, as per the details given on the RTGS/NEFT page of Canara Bank.
Takeaways
If you need to send a large amount from your Canara Bank account, RTGS is the form to use. Any savings or current account holder can fill it out, and it kicks in once the transfer hits ₹2,00,000. You can hand it in at a branch, or send the money from net banking without touching paper. RTGS settles a transaction right away, one at a time, while NEFT groups payments and clears them in batches.
It's the application you submit to move money between two bank accounts, settled individually rather than in a batch.
You need this form if you're sending ₹2,00,000 or more through a branch, not online. A few common cases:
If you already bank online, skip the paper. Net banking and the mobile app ask for the same details on screen.
The form asks for your account details, the amount, and your beneficiary's bank details.
Double-check the IFSC code before you submit. A wrong digit can hold up the transfer or send it to the wrong branch. You can find any branch's IFSC code on the RBI website if you're not sure.
Canara Bank charges ₹24.50 for amounts between ₹2,00,000 and ₹5,00,000. It is ₹49.50 for amounts above ₹5,00,000, and GST applies on top of both.
*T&C Apply
These charges only apply when you walk into a branch. Money received through RTGS costs nothing, and the fee structure has stayed the same since the RBI revised it on July 1, 2019.
The minimum amount for RTGS Transactions at Canara Bank is ₹2,00,000. However, there is no maximum amount.
Transactions with a value less than ₹2,00,000 cannot be processed using the RTGS facility. It falls under NEFT instead, which handles smaller amounts.
You can send money through RTGS 24×7 using online channels, while branch-based transactions are available during branch business hours.
Yes, and most people find it simpler than the paper route.
₹2,00,000 with no maximum limit.
Check with Canara Bank whether an RTGS form can be submitted at a non-home branch, as branch procedures may apply.
₹24.50 for ₹2,00,000 to ₹5,00,000, and ₹49.50 above ₹5,00,000, both plus GST.
Yes, the service runs on Sundays and holidays, being available round the clock.
Yes, it is possible to use the net banking service to make RTGS without filling the form.
The information regarding your bank account, the amount of funds you want to transfer, and the beneficiary's account details and IFSC code.
No, inward RTGS transactions are free of charge.
The use of the wrong IFSC code or the wrong beneficiary’s account number will result in the failure, rejection, or even incorrect crediting of the money. Hence, it is necessary that all these details are double-checked.
Once the RTGS transaction is completed, it becomes non-reversible. Contact the bank immediately if you entered incorrect details.
Yes, there are differences. RTGS is an instant service with a minimum amount of ₹2,00,000. There is no minimum/maximum limit for transactions under NEFT.
Yes, there are differences. RTGS is an instant service with a minimum amount of ₹2,00,000.
