RTGS (Real Time Gross Settlement) is a reliable payment system tailored for high-value transactions, ensuring instantaneous transfer of funds. While RTGS is the preferred choice, alternatives such as UPI, Mobile Banking, and NET Banking are also available. Other transfer options include IMPS and NEFT, applicable for both online and offline scenarios. To expedite these transactions, customers must complete the Canara Bank RTGS Form.

Filling Out the Canara Bank RTGS Form

To initiate an RTGS transaction, Canara Bank clients must provide essential details on the RTGS Form. Accuracy in reviewing these details is crucial. The Canara Bank RTGS Form can be downloaded via the provided link:

Before commencing an RTGS transaction, verify:

• Amount to be transferred
• Sender's account number (for account debits)
• Cheque number (if paid via cheque)
• Beneficiary's name and mobile number
• Beneficiary bank name, IFSC code, and account number
• Sender to receiver information (optional)

Canara Bank RTGS Charges

Below is a summary of the Canara Bank RTGS charges:

• For transactions between Rs. 2 lakhs up to Rs. 5 lakhs: Rs. 24.50
• For amounts above Rs. 5 lakhs: Rs. 49.50

Note: GST is applicable on these charges.

Availability and Limits

The RTGS service operates 24x7x365, providing the flexibility of transferring funds at any time. Customers can utilize Canara Bank Net Banking or Mobile Banking for RTGS transactions. Branch visits are also an option; ensure alignment with Canara Bank timings to guarantee prompt processing.

The minimum transfer amount via RTGS is Rs. 2 lakhs, with no set upper limit, ensuring flexibility for large transactions.