Bank of Maharashtra RTGS Form Download

Bank of Maharashtra RTGS Form Download

The attached document is a “Mahabank RTGS Funds Transfer application form” issued by the Bank of Maharashtra (p. 1). It is a single-page document split vertically into two identical parts: a left-hand Acknowledgment Receipt for the customer, and a right-hand Main Application Slip for the branch to process (p. 1).

The key elements and regulatory components of the form include:

This section authenticates the customer initiating the transaction and authorizes the fund debit (p. 1):

• Applicant Information: Captures the sender’s full name, registered bank account number, and explicit account classification type, such as Saving, Current, or CC/OD (Cash Credit / Overdraft) (p. 1).
• Payment Authorization: The main slip includes a formal statement requesting the Branch Manager to remit the specific sum and debit the designated account using an attached physical cheque (p. 1).

To process the Real-Time Gross Settlement (RTGS), the form mandates six crucial fields to ensure correct electronic routing (p. 1):

1. Beneficiary Name: The full name of the recipient exactly as recorded in their bank files (p. 1).
2. Bank Name: The receiving financial institution (p. 1).
3. Branch Name: The specific branch holding the recipient’s account (p. 1).
4. Account Type and Number: The beneficiary’s unique bank account number and code (p. 1).
5. IFSC Code: The mandatory 11-character Indian Financial System Code used to locate the specific branch on the RBI network (p. 1).
6. City: The geographic city location of the receiving bank branch (p. 1). [1]

• Customer Verification: Requires the Applicant’s signature(s) and an active Cell / Mobile Number on both halves for security verification (p. 1).
• Office Use Only: The branch portion serves as an internal accounting credit voucher (routed through the Fort Branch on CO A/C) (p. 1). It documents the fundamental transaction metrics: Amount of EFT (Electronic Funds Transfer), RTGS Charges, Total Amount Debited, Transaction Number, Date, Time, and signatures from both the Maker and Checker officials (p. 1).

• Minimum Limit: RTGS is strictly reserved for high-value transfers; the minimum transaction threshold is ₹2 Lakh. Transactions below this amount are automatically rerouted via NEFT. [2, 3, 4]
• No Maximum Cap: The Reserve Bank of India (RBI) imposes no upper monetary ceiling for RTGS transfers. [5, 6]
• Settlement Speed: Transfers are processed on a continuous, transaction-by-transaction “gross” basis, typically reaching the beneficiary account in real-time or within 30 minutes. [1, 7]
• Account-Number Only Mapping: As per standard RBI rules noted on the form, funds are credited solely based on the beneficiary account number provided (p. 1). Any error in typing the number will direct money to the wrong account, regardless of the name written. [1, 8]