All Savings Bank Deposit account holders of Allahabad Bank are hereby notified that w.e.f 1st October, 2019, the rate of interest on Savings Bank Deposit accounts with balances above Rs.40 lacs are linked with the RBI repo rate and as such the effective rate of interest aligned with current repo rate shall be 3.65% P.A. Real Time Gross Settlement or RTGS is a high-end money transfer mode; users who want to transfer more than Rs 2 lakhs in a single transaction can opt for this electronic money transfer mode; there is no upper ceiling to the amount. The Allahabad Bank RTGS form is available both in English and Hindi.
Most of the private and public sector banks of India permit RTGS transactions. In order to boost digital banking, RTGS and NEFT transactions have been highly encouraged by the central bank of the country, Reserve Bank of India. Allahabad Bank also has the RTGS money transfer facility at all its branches. The bank has a common formatted Allahabad Bank RTGS form across its branches to keep the process same and simple.
Real Time Gross Settlement or RTGS is a high-end money transfer mode; users who want to transfer more than Rs 2 lakhs in a single transaction can opt for this electronic money transfer mode; there is no upper ceiling to the amount.
Allahabad Bank Rtgs Form Pdf Download
Canara Bank Rtgs Form
The Allahabad Bank RTGS form is available both in English and Hindi. The local branches might even have a form in regional language to make the process even more easy for the payers. RTGS is controlled by Reserve Bank of India and for this reason, the payment cannot be reversed once it is deposited in the beneficiary bank account. According to RBI guidelines, the amount must be deposited in the beneficiary bank account within 30 minutes by the sender's bank. In case the transaction is unsuccessful, the amount must be returned within 2 hours.
