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OBC RTGS Form

Home Banking in India OBC RTGS Form

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Updated: 08-12-2023 10:04:29 AM
Note: Oriental Bank of Commerce has been merged with Punjab National Bank. To know more about RTGS Form provided by Punjab National Bank, click here.

Electronic money transfer is one of the best ways of monetary transaction these days. RTGS or Real Time Gross Settlement is a form of digital banking that is controlled by the Reserve Bank of India (RBI). The settlement takes place in the record books of RBI and for this reason, the money cannot be revoked once the payment is successful. Keeping pace with the other private and nationalised banks of India, Oriental Bank of Commerce (OBC) has also facilitated the option for RTGS payments. Account-holders must fill-up the OBC RTGS form to initiate money transfer through RTGS.

OBC account holders can make RTGS payments either online or at the bank branch. In the online mode, the RTGS can take place through mobile banking and net banking. The bank permits the users to download and print the OBC RTGS Form. Users can also fill the form online, convert it in a pdf format and then download the same. This form is acceptable both online and at the branch offices of Oriental Bank of Commerce.

How to Fill OBC RTGS Form
Points to Remember while Filling OBC RTGS Form

How to Fill OBC RTGS Form

In order to fill the OBC RTGS form, the sender should keep the following information handy:

Payment Information – This part consists of the payment details

  • RTGS amount.
  • Cheque number if paying through cheque.
  • Account number if the sender wants the amount to be directly debited from the bank account.
  • The amount which needs to be deposited in the beneficiary account.
  • No service charge is applied to RTGS transactions initiated online.
  • GST and additional fees which are being charged for the RTGS transaction.
  • The total amount inclusive of the deposit amount and the additional charges.

Remitter Information – This part requires details of the sender or the person who is initiating the RTGS money transfer.

  • Name
  • Purpose
  • Signature
  • Email address
  • Contact number
  • Home/ office address

Beneficiary Information- This part requires the details of the recipient of the account holder of the account in which the amount will be deposited.

  • Name
  • IFSC code
  • Bank name
  • Branch address
  • Account number
  • Account type (Savings/ Current/ Cash Credit/ Loan)

Points to Remember while Filling OBC RTGS Form

While filling the OBC RTGS form, the sender needs to accept few terms and conditions as well. These generally state that if there are any consequences due to filling of incorrect information, the bank will not be liable for the same.

  • RTGS transactions take place on an individual basis and not in hourly slots like NEFT.
  • The transactions can take place on all 7 days of the week (Monday to Sunday).
  • Besides the form, users can also find the RTGS charges for Oriental Bank of Commerce at the bank’s website.
  • No service charges are applied on transactions initiated online via internet/mobile banking channels.
  • Usually, the bank charges Rs 25+GST per RTGS transaction within Rs 2-Rs 5 lakhs.
  • The charges are Rs50+GST for each RTGS transaction above Rs 5 lakhs.
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