Syndicate Bank RTGS Form

If you wish to make an RTGS payment from your Syndicate Bank account by visiting the bank, here are the steps to follow:

• You will need to find the Syndicate Bank RTGS form.
• Enter the date when you are initiating the payment.
• After this, you will find a section for your bank account details. You will need to add your bank account details correctly.
• Also, add the cheque details, and mention the date of the cheque and the serial number for the same.
• Provide the beneficiary account details. Here you will have to mention the name, account number and the bank details of the beneficiary.
• Once you do that, you will have to add the IFSC code of the beneficiary account.
• After that, you will need to sign the form to authorize the payment.

After filling out the Syndicate Bank RTGS form, you will have to submit it to the official who is going to verify the details and process the payment.

RBI has directed all the banks to not apply any charges on RTGS transactions initiated online via internet banking and/or mobile banking. Intrabank RTGS payments are not chargeable at most of the banks. Additionally, you will also have to make sure that you check the time period for the RTGS payments as well. Some banks have different payment charges for different time slots.

RTGS stands for real-time gross settlement. Such payments are made right away without any waiting period. What’s more is that such payments can be processed for large sums of money. The benefits of opting for an RTGS payment are:

• Such payments get transferred instantly.
• The payments are not bundled or netted.

For you to initiate an RTGS payment, all you need to do is go to the bank and find the RTGS form and fill it out, or you could make use of net banking facilities to initiate a payment.