Bank of Maharashtra RTGS Form | Download & Updated Guide

Key Takeaways
 

1. The Bank of Maharashtra RTGS form allows fast, secure, and real-time fund transfers for high-value transactions, both online and offline.
    
2. Digital RTGS transfers are available 24×7 and cost as little as ₹5, while branch-based transactions attract time-based charges.
    
3. No physical documents are needed, but accurate account and beneficiary details are essential for smooth processing.

Bonus Tip: RBI has suggested a new feature that shows the beneficiary’s name before money is sent through RTGS or NEFT. This will help people avoid mistakes and stop money from going to the wrong person.

The Bank of Maharashtra RTGS form provides a safe and quick method for sending large amounts of money electronically. It allows customers to enter their account details, add the beneficiary’s information, and submit the request either online or at a branch for instant processing.

The Bank of Maharashtra RTGS form works like a delivery slip for your money. Just as a courier slip ensures a package reaches the correct address without mistakes, this form ensures large payments reach the right bank account quickly and safely.

For example, a business owner who needs to send ₹3,00,000 to a supplier can fill out the RTGS form with the supplier’s bank name, IFSC code, and account number. The bank processes it immediately, allowing the supplier to receive the money securely and without delay.

Let’s now explore how this RTGS form simplifies high-value transactions and ensures quick, safe, and hassle-free money transfers.

What is the Bank of Maharashtra RTGS form?

The Bank of Maharashtra RTGS form pdf is a document used to transfer large amounts of money electronically and instantly between bank accounts. It serves as a formal request to the bank, containing both the sender’s and beneficiary’s details, including name, account number, and IFSC code. This form is primarily used for high-value or urgent transactions, such as business payments or property deals, ensuring real-time processing and immediate settlement through the Real-Time Gross Settlement (RTGS) system.

How To Download the Bank of Maharashtra RTGS Form?

The Bank of Maharashtra RTGS form can be easily downloaded online to initiate a secure and quick high-value fund transfer. Follow the steps below to download, fill out, and submit the form correctly.

Step-by-Step Process
 

1. Go to the Bank’s Website: Visit the official Bank of Maharashtra website using your computer or mobile browser.
    
2. Find the RTGS/NEFT Section: Navigate to the “Services” or “Downloads” section and look for options related to RTGS/NEFT or Forms.
    
3. Locate the Form: Search for the “Application for Funds Transfer – RTGS/NEFT” form, usually available as a downloadable PDF document.
    
4. Fill in the Details: Open the downloaded form and enter the following information carefully:
    
   • Your branch name and account details.
   • The amount to be transferred, both in numbers and words.
   • The beneficiary’s details, including their name, account number, and IFSC code.
   • Your contact details, such as mobile number and email ID.
      
5. Review and Sign: Double-check all the entered information to ensure accuracy and then sign the form in the designated signature area.
    
6. Submit the Form: Visit your nearest Bank of Maharashtra branch and submit the completed form for processing. The bank official will verify the details before initiating the transfer.

By following these simple steps, customers can easily download and submit the Bank of Maharashtra RTGS form without confusion. Ensuring accurate information helps avoid delays and guarantees a smooth, real-time fund transfer experience.

How To Fill the Bank of Maharashtra RTGS Form?

Filling out a Bank of Maharashtra RTGS form is a simple process that ensures your high-value fund transfer is completed accurately and securely. You’ll need to provide your account details, the beneficiary’s information, and a payment method such as a cheque or cash. Follow the steps below carefully.

Before You Begin
 

• Gather Information: Keep ready all details like your account number, contact information, and the beneficiary’s bank name, account number, and IFSC code.
   
• Write a Cheque: Prepare a cheque for the transfer amount. On the front, write the amount in both words and figures with “For RTGS” as the payee. On the back, write the beneficiary’s name and account details for reference.

Step-by-Step Guide
 

1. Fill in Sender’s Details: Write your full name, account number, and contact details in the form. Mention the date of the transaction.
    
2. Fill in Beneficiary’s Details: Enter the beneficiary’s name, bank name, account number, and the correct IFSC code carefully.
    
3. Specify the Amount: Mention the transfer amount in both numbers and words to prevent any mismatch or confusion.
    
4. Provide Transaction Details: If you’re paying by cheque, note the cheque number, date, and amount. Include any applicable charges mentioned by the bank.
    
5. Sign and Submit: Review the entire form for accuracy, then sign in the designated space. Submit the filled form along with the cheque or cash at your Bank of Maharashtra branch counter for processing.

By following these steps, you can fill out the Bank of Maharashtra RTGS form correctly and avoid delays. Ensuring all details are accurate helps the bank process your transaction quickly and securely, ensuring real-time transfer of funds to the beneficiary.

Required Documents For Bank of Maharashtra RTGS Form

The Bank of Maharashtra RTGS process is paperless, but certain details and identification proofs may be required depending on how you initiate the transfer. It’s important to keep all necessary information ready before filling out the RTGS form.

Documents and Details Required

• Account Holder’s Information: Your name, account number, and contact details such as mobile number and email ID.
• Beneficiary’s Details: The recipient’s name, account number, bank name, and IFSC code.
• Photo ID Proof: Required only if you’re a non-account holder making a cash payment for an RTGS transaction.
• PAN Card: May be requested for very high-value transactions, though it’s not a standard requirement for all transfers.

While no physical documents are typically needed to complete an RTGS form, keeping accurate account and beneficiary details ready ensures a smooth and error-free transaction. Non-customers and those making large cash transfers should carry valid ID proof for verification.

Bank of Maharashtra RTGS Charges

The Bank of Maharashtra levies RTGS charges based on the transaction amount and mode of transfer. Digital transfers are more economical, while branch-based transactions vary according to the time of initiation.
 

In conclusion, customers benefit from significantly lower RTGS charges when using digital platforms. For larger or urgent transactions, opting for internet or mobile banking not only saves costs but also ensures faster, paperless, and hassle-free fund transfers.

Bank of Maharashtra RTGS Timings

The Bank of Maharashtra offers RTGS services both online and through its branches, allowing customers to transfer high-value funds securely and quickly. The availability and timings differ depending on whether the transaction is made digitally or in person.

RTGS Timings
 

Bank of Maharashtra ensures convenient fund transfers by offering round-the-clock RTGS services online. For customers preferring in-branch transactions, transfers can be made during regular banking hours on working days.

Conclusion

The Bank of Maharashtra RTGS facility is designed to make large money transfers simple, quick, and reliable. With 24×7 online access, low transaction fees, and minimal documentation, it saves both time and effort. Whether for business payments or personal use, customers can enjoy secure, instant fund transfers directly to any bank account, ensuring peace of mind and complete convenience.

FAQs:

Q1. How can RTGS be done through the bank without giving a cheque and using direct debit?

RTGS can be done by filling the RTGS form at the bank and authorising the bank to debit the amount directly from your account without a cheque.

Q2. What should be done if ₹20,000 was stolen through multiple NEFT transfers from a Bank of Maharashtra account, and recovery is needed?

Immediate steps include filing a complaint on the National Cybercrime Portal (cybercrime.gov.in), then taking the complaint number to the police for an FIR, and requesting the bank to raise a “fraud transaction dispute” to freeze beneficiary accounts.

Q3. Are there any charges for an RTGS transfer?
Most banks do not charge customers for online RTGS transfers, as per RBI guidelines promoting digital payments, but branch-based RTGS transactions may still carry nominal fees depending on the bank.

Q4. Is it compulsory for the person who signed the cheque to also sign the RTGS form?

Yes, the RTGS form must be signed by the same account holder whose cheque or account is being used for the transfer.

Q5. How can RTGS be done without having a cheque book?

RTGS can be done by filling the RTGS form at the bank and authorising direct debit from your account, even without providing a cheque.
 

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‘Simplify Finance for Everyone.’ This is the common goal of our team, as we try to explain any topic with relatable examples. From personal to business finance, managing EMIs to becoming debt-free, we do extensive research on each and every parameter, so you don’t have to. Scroll up and have a look at what 15+ years of experience in the BFSI sector looks like.