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Bank of Baroda RTGS

Bank of Baroda RTGS Details

Last Updated 08th Jun 2021

Bank of Baroda RTGS or Real Time Gross Basis is the inter-banking facility that allows you to transfer funds instantly on a one to one basis.

Transfer Modes Offline- Visiting Bank of Baroda branch
Online- Mobile/ Net Banking
Transfer Charges Net Banking-
Bank Branch - ₹ 2 lakh and ₹ 5 lakh-₹ 25 (excluding GST) per transaction from 8:00 am to 11:00 am, ₹ 27 per transaction from 11:00 am to 1:00 pm and ₹ 30 per transaction after 1:00 pm.
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    What is Bank of Baroda RTGS ?

    Bank of Baroda RTGS or Real Time Gross Settlement is the transfer of money from Bank of Baroda bank to another bank on a real-time or gross basis. The term 'Real-time' means that the payment is made instantly without any delay. The gross settlement means the money is transferred on one to one basis. Presently, there are 140,000 RTGS-enabled bank branches in India. To transfer money through Bank of Baroda RTGS, you would require the following details of the recipients.

    • The amount of transfer
    • The account number
    • Recipient and bank name
    • The recipient IFSC code

    How to Use Bank of Baroda RTGS Facility?

    If you want to transfer funds using the Bank of Baroda RTGS facility, you can do it by visiting the Bank of Baroda Bank through offline mode or else you can transfer funds online through Bank of Baroda net banking facility.

    How to fill Bank of Baroda RTGS Form & Transfer Money through Bank of Baroda RTGS Offline?

    To fill Bank of Baroda RTGS form & transfer money through Bank of Baroda RTGS you need to follow the steps as mentioned below:

    • Visit the nearest Bank of Baroda Bank branch and get the RTGS form from Bank of Baroda Bank representative.
    • Now, fill all the required details such as the date, amount for fund transfer as mentioned in the form.
    • Next, add your account details, details of cheque including date and the serial number of the cheque, account number and the IFSC code of the beneficiary.
    • Finally, sign the form to authorize the payment for transferring the funds. The Bank of Baroda bank official will then process your payment.

    How to Transfer Funds Through Bank of Baroda RTGS Netbanking?

    If you want to transfer money through Bank of Baroda RTGS netbanking you need to follow the steps as mentioned below:

    • Firstly, log in your SBI Net Banking Portal by using your User Name and Password.
    • Now, under the "Payments/Transfer" tab, choose the appropriate fund transfer option.
    • On the next page, now choose the type of transaction and click on "Proceed".
    • Now, select the account from which the funds need to be transferred.
    • Next, enter the amount, purpose of the transfer and also choose the beneficiary account for transferring the money.
    • After verifying all the details, check the terms and conditions box and click on "Submit".
    • On the next page, verify all the details and click on "Confirm".
    • Finally, enter the password sent to the registered mobile number and click on "Confirm". You will now receive the confirmation message on your screen.

    Bank of Baroda RTGS Charges

    Bank of Baroda Bank levies following charges for fund transfer through Bank of Baroda RTGS.

    Bank Branch ₹ 2 lakh and ₹ 5 lakh-₹ 25 (excluding GST) per transaction from 8:00 am to 11:00 am, ₹ 27 per transaction from 11:00 am to 1:00 pm and ₹ 30 per transaction after 1:00 pm.

    Bank of Baroda RTGS Timings

    If you want to ensure that the transactions are processed immediately, you should transfer funds through Bank of Baroda RTGS within time frame as mentioned below:

    Mobile & Internet Banking 24*7

    Bank of Baroda RTGS Limit

    Bank of Baroda RTGS transactions are primarily for high-value transactions. The limit for Bank of Baroda RTGS fund transfer is mentioned in the table below:

    Minimum Amount ₹ 2 Lakh

    FAQs

    What is RTGS transfer in Bank of Baroda?

    Bank of Baroda RTGS is the inter-banking transfer facility to transfer funds on a real-time gross basis. Real-time gross means the funds are transferred instantly on one to one basis.

    What are the RTGS charges in Bank of Baroda?

    There are charges for RTGS fund transfer through mobile and internet banking. However, Bank of Baroda levies charges ranging from Nil to ₹ 15 + Applicable GST, if you want to do RTGS fund transfer through Bank of Baroda branch.

    How can I transfer more than 1 lakh in Bank of Baroda?

    You can transfer money through Bank of Baroda NEFT or Bank of Baroda IMPS facility if you want to transfer more than ₹ 1 Lakh.

    How much time does it take for RTGS transfer in Bank of Baroda?

    It takes around 30 minutes for RTGS fund transfer in Bank of Baroda. However, to ensure the processing of fund transfer in the same time frame you should fill RTGS form as per Bank of Baroda branch working timings.

    Can I transfer 1 crore through RTGS ?

    Yes, you can transfer ₹ 1 Cr through Bank of Baroda RTGS by visiting the Bank of Baroda bank branch as there is no upper limit for fund transfer through RTGS.


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