How to Do RTGS in Indian Overseas Bank Branch Using the Form

For RTGS money transfer via the Indian Overseas Bank Branch, you will need the RTGS application Form. It is a simple one-page document that allows you to transfer ₹2 lakh or more from your IOB account to any other bank securely.

Unlike most banks in india, such as HDFC, SBI, or Axis, they usually offer a combined form that offers RTGS/NEFT/IMPS all payment, where IOB stands out — it provides separate forms for RTGS and NEFT transactions.

This makes it cleaner, more specific, and easier to fill without confusion.

How IOB’s RTGS Form Is Different

Who Can Use the RTGS Facility + Upper Limits

Real-Time Gross Settlement is meant for only big transfers, plus, as per its name, it focuses on real-time transfers. Anyone holding an Indian Overseas Bank account can use it, whether you are:

• An individual sending funds to another person or firm
• A business owner making vendor or salary payments
• A company transferring funds to another branch
• You can transfer between these limits –

Note: There is no upper limit on the RTGS amount; however, your account type may have a lower transaction limitation, so please confirm with your branch before making a transfer. Some accounts, such as – student account or a BSBDA. For standard personal accounts, a bank may have daily online RTGS limits ranging from ₹10 lakh to ₹50 lakh. This facility is perfect for property payments, business settlements, and high-value transfers that need same-day credit.

Where to Get the IOB RTGS Form

You have three easy options to get the original English version of the form:

IOB’s form is also digitally editable or fillable. Once downloaded, you can fill it digitally using Sejda or any PDF editor, then print and sign before submitting.

Documents You Will Need

When visiting the branch, carry these items:

How to Fill the IOB RTGS Form (Step-by-Step Guide)

Your IOB RTGS form is divided into three parts: Remitter Details (your details) and Beneficiary Details (receiver’s details), and the customer copy. Use a regular black or blue pen and write only in block letters, use underlines and boxes for fill-up. Here’s how to complete it easily –

1. Enter Basic Details

2. Applicant (Remitter, This is your details) Section

Note: You may leave the Charges/Commission and Service Tax rows blank, OR confirm with your branch about the charges in the commission section. Here are the current charges in IOB for RTGS via the Branch –

Quick tip – Online RTGS via net banking or mobile app is completely free.

3. Beneficiary Section

4. Declaration and Signature

In the “I agree about rules section”, put down your signature the same as you do on other bank documents. After signing, submit it to the RTGS counter along with your self-cheque or account debit instruction.

You will get a Customer Record Slip — your official acknowledgement containing details like:

• Amount
• Beneficiary name
• IFSC
• UTR number (for tracking)

Note – Ignore the “For Bank Use only” section; this is for bank officers. No need to fill anything.

Quick Steps to Fill the Self-Cheque

If you choose to transfer via self-cheque or the branch recommends you to use it, here are the quick 5 steps to fill up a cheque –

1. Write “YOURSELF” in the Pay field.
2. Mention the same amount as in the RTGS form.
3. Write “RTGS transfer to [beneficiary name]” in the Remarks area or back side of the cheque.
4. Sign it the same way you do for withdrawals.

Processing Time & Confirmation

Once submitted, your RTGS is processed almost instantly:

• Within 30 minutes during working hours, but sometimes RTGS servers and cut-off timing, it may take 2 hours.
• You will receive an SMS alert if your number is registered.
• You can also ask the staff for the UTR number to track the transfer.

If the destination bank is closed or facing downtime, the transaction will reflect on the next working day.

When RTGS Is Available (IOB Branch Timings)

FAQs