How to fill NEFT and RTGS form of Corporation Bank

Corporation Bank is one of the public sector bank of India owned by the Government of India. The headquarter of this bank is situated in Mangalore, India.  Presently, the bank has 2,432 branches, 3,040 ATMs  and 4,724 branchless banking units in whole India. This Bank provides lot of services to its customers like accepting money, withdrawing money, account opening, Lending affordable loans at low rate of interest, funds transfer under NEFT and RTGS. In this article we will learn about the NEFT and RTGS funds transfer system of Corporation Bank.

What is Corporation  Bank NEFT and RTGS online funds transfer system ??

National Electronic fund transfer (NEFT) and Real time Gross Settlement (RTGS) are two online medium of transferring funds form one bank account to another. Under NEFT one can transfer a amount less than 2 Lakh whereas in case of RTGS one can transfer a sum starting  from 2 Lakh to an unlimited amount. Bank charges a small fees as commission in return for this service. NEFT and RTGS services does not work on Sundays and on public holidays.

What is the charges for  NEFT and RTGS  ??

The charges levied by the bank depends upon the amount one is transferring in another account. One can confirm from the bank officials as to how much is the charges levied on a specific amount.

 

Also Read:
Download Miscellaneous Forms of Corporation bank

How to fill deposit slip/ Pay in slip of Corporation Bank

How to open Online Saving Account in Corporation Bank

How to fill DA-1 Nomination form of Corporation Bank

 How to fill the NEFT and RTGS form of Corporation Bank

There are two mode transferring funds under NEFT and RTGS, one is online method where one needs  access to internet banking to make the online funds transfer. The second method comes under offline method, where one need to visit a corporation bank fill a NEFT/RTGS form and present the form with the amount at the cash counter.  In this article we will study with proper narration as to what one needs to fill the form of NEFT/RTGS of Corporation Bank. There are two part of NEFT/RTGS form of Corporation Bank, one is customer copy or counterfoil which the bank returns to the customer after putting the seal and the sign. The second part is the bank copy which the bank retains with it for future records.

Customer copy or Counterfoil

Date: Write the date when you are making this transaction
Branch Name:
Write the name of the branch where you are doing this transaction
Branch Code:
Here you need to specify the Branch Code where you are doing the transaction

Beneficiary details: Details of the receiver of the funds
Name:
Write the bank account name of the person who is receiving the money
Bank:
Write name  of the bank of the person who will receive the money
IFSC /MMID:
Every bank branch has its own IFC Code, so here one need to specify the IFSC Code of the bank branch of the receiver of funds

A/c No. /Mobile: Write the account number of the person who is receiving the funds and his mobile number
Amt in figure
: Here one need to write the amount in figure that he wishes to transfer in beneficiary account

Amt in words:  Here one need to write the amount in words that  he wishes to transfer in beneficiary account

Mode of Remittance/Deposit:
Select and tick the type of transfer to be done either  NEFT or RTGS or IMPS or DD


Remitter Details:
Name:
The person who is sending the money need to furnish his account name

Account No: Write the account number from which one wishes to transfer the funds from his account
Cheque Details : If one opts for funds transfer through account debit then he need to submit a cheque with pay self or yourself and with the total amount amount inclusive of transfer amount and the bank charges.

Bank Copy

On the top tick the type of transaction from NEFT OR RTGS options

Date: Write the date when you are making this transaction
Branch Name:
Write the name of the branch where you are doing this transaction
Branch Code:
Here you need to specify the Branch Code where you are doing the transaction

 

Please Credit/Transfer/Remit the amount/Issue DD:-

Here one needs to select Remit the amount option if one wills to transfer funds in another account.

Remitter Details:

Name: The person who is sending the money need to furnish his account name
Account No: Write the account number from which one wishes to transfer the funds from his account
Address:  Remitter needs to specify his residential address
Mobile No: Remitter needs to specify his mobile number
PAN:
Remitter needs to specify his PAN Card number (compulsory to put if one is transferring a minimum of 50,000)

Mode of Remittance/Deposit:
Select and tick the type of transfer to be done either  NEFT or RTGS or IMPS or DD

Detail of amount deposited:

Write the amount in words that you wish to transfer in beneficiary account

Cash Deposit:
Mostly Bank transfer funds via NEFT and RTGS usually when the customer has a bank account in that bank. Rarely bank allows NEFT/RTGS on cash. If bank allows NEFT/RTGS transfer in cash then one needs to fill cash denomination coloumn.

Denomination: Here the currency denomination is printed, the sender if transferring the amount in cash then he should mention the number of notes of that currency
Amount: here the total amount is to be mentioned that comes as a result of currency demomination multiplied with the number of pieces of that currency
Pcs: If the amount is in point then write the paisa or if the amount is in round off figure then write  00 in the paisa coloumn
Total: write the total of the amount coloumn
Commission: Write the charges levied by bank on the transferring amount.

Cheque Deposit:  Leave this coloumn blank as it is meant to deposit cheque in the account.

Beneficiary details: Details of the receiver of the funds
Name:
Write the bank account name of the person who is receiving the money
Bank Name:
Write the bank name of the person who will receive the money

Branch name / Code: Write the bank branch name  and the code of the person who will receive the money
IFSC (NEFT/RTGS/MMID):
Every bank branch has its own IFC Code, so here one need to specify the IFSC Code of the bank branch of the receiver of funds

MMID(IMPS) : Leave this coloumn blank
Mobile Number: Remitter needs to write his mobile number here
DD Payable at (place): Leave this coloumn blank
Amt in figure
: Here one need to write the amount in figure that he wishes to transfer in beneficiary account

Amt in words:  Here one need to write the amount in words that  he wishes to transfer in beneficiary account

Applicant’s / Depositor’s  Signature:  The remitter has to do a signature in this coloumn
Contact No: Remitter has to write his mobile number here

The form is filled successfully. One needs to submit a cheque along with the form at the cash counter if one is transferring from one’s account. One should draw a cheque with Pay self or yourself and with the total amount inclusive of transferring amount and bank charges.

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