Sending ₹2 lakh or more through your Bank of India branch? You'll need the Bank of India RTGS form and filling it wrong can hold up the entire transfer. Here's everything you need, laid out simply.
RTGS Real Time Gross Settlement is how large amounts move between banks across India, almost instantly. When you walk into a Bank of India branch to initiate this kind of transfer, the form you fill out is the BOI RTGS application form.
It captures the basics: your account details, the beneficiary's bank information, IFSC code, and the amount. Nothing complicated but every field matters.
Minimum amount for RTGS: ₹2 lakh. Below that, you'd use NEFT.
There are two ways to get the form.
At the branch just walk in and ask the counter staff for the remittance application form. They'll hand it to you.
Online if you'd rather download and print at home, follow these steps:
That's it. The BOI RTGS form PDF download takes about two minutes.
Direct link: Bank of India RTGS Application Form (available on the official BOI website under the Downloads section)
Once you have the printout, take your time filling it. A single wrong digit in the account number or IFSC code and the transfer fails or worse, lands in the wrong account.
Here's what goes where:
Review everything once before you hand it in. The IFSC code especially one wrong character makes the form unusable.
Your signature on the Bank of India RTGS form has to match exactly what's in the bank's records. If it doesn't, the request gets rejected on the spot. No appeals, no exceptions.
If your signature has changed over time, update it with the bank first then submit the RTGS form.
For most RTGS requests, you don't need a stack of documents. Here's what's typically asked for:
Since RTGS transactions are processed the moment they're submitted, double-check everything before handing over the form.
The standard BOI RTGS form comes as a PDF there's no official Excel version. But if you handle multiple transfers regularly, you can create your own Excel template based on the PDF fields. It helps you pre-fill recurring details and reduces the chance of errors when you take a printout.
Branch-based RTGS transfers at Bank of India aren't free. here's what they cost:
Transfer Amount
Charge
₹2 lakh – ₹5 lakh
₹25 per transaction
Above ₹5 lakh
₹49 per transaction
Inward RTGS
Free
Online RTGS (Net/Mobile Banking)
Generally free
So if you can initiate the transfer online, you save the charges entirely. Worth knowing.
As per RBI guidelines, RTGS is available 24×7 but that applies to online transfers. Branch-based RTGS follows a different rule.
If timing is critical, online RTGS through internet or mobile banking is the safer option no dependency on branch hours.
A few things that catch people off guard:
RTGS cannot be reversed. Once it's processed, the money moves. There's no recall option after the transfer is initiated.
The beneficiary bank must be RTGS-enabled. Most major banks are, but it's worth confirming if you're transferring to a smaller or cooperative bank.
Confirmation comes from the bank typically via SMS or a transaction slip once the transfer goes through.
The Bank of India RTGS form is straightforward if you approach it carefully. The form itself isn't the hard part accuracy is.
A: Yes, the BOI RTGS form PDF is available on the Bank of India official website under the Downloads section. Go to Digital Transaction & Forex Forms, select the RTGS/NEFT Application Form, and download it directly. You can print it at home and fill it before visiting the branch.
A: The minimum amount for an RTGS transfer at Bank of India is ₹2 lakh. Amounts below ₹2 lakh are handled through NEFT, which has no minimum limit. RTGS is specifically designed for high-value, time-sensitive transfers.
A: RTGS transfers are settled in real time, which means the beneficiary typically receives the funds within 30 minutes of the transaction being processed. During branch hours, this is nearly instant. Transfers submitted outside working hours are processed the next working day.
A: If the details are incorrect, the transaction may fail or credit to the wrong account and RTGS cannot be reversed once processed. Always double-check the beneficiary's IFSC code and account number before submitting. If an error does occur, contact the bank immediately, though recovery isn't guaranteed.
A: Yes. RTGS transactions initiated through Bank of India internet banking or mobile banking are generally free of charge. Branch-based RTGS carries a fee of ₹25 for transfers between ₹2–5 lakh and ₹49 for amounts above ₹5 lakh. If convenience isn't an issue, online RTGS is the better option.
A: Online RTGS at Bank of India is available 24×7 as per RBI guidelines, including Sundays and holidays. However, branch-based RTGS is only processed during working hours on working days. Requests submitted at the branch on non-working days are handled on the next working day.
A: RTGS is used for high-value transfers of ₹2 lakh and above and is settled in real time. NEFT has no minimum limit and is settled in batches at regular intervals. For urgent, large-value transfers, RTGS is the preferred option at Bank of India.
A: Yes, Bank of India provides a combined RTGS/NEFT Application Form. The same form covers both transaction types you just indicate which service you're using when filling it out. Download the RTGS/NEFT Application Form from the official BOI website.
A: If the RTGS transfer fails due to incorrect beneficiary details or a technical issue, the amount is typically returned to your account within one working day. Contact your branch or Bank of India customer care immediately with the transaction reference number.
A: PAN card is not mandatory for every RTGS transaction. However, the bank may request it for particularly high-value transfers or as part of their KYC process. It's advisable to carry it when visiting the branch for any large-amount transfer, just in case.
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