April 26, 2023

How to Fill DCB Bank RTGS Form

  • Do you want to make a big ticket fund transfer of ₹2 lakh and above quickly, safely, economically?
    • Do you want to make this big ticket fund transfer to the beneficiary who holds an account with another bank?
    • Wouldn't it be super convenient to you, if you could make this big ticket fund transfer, everytime ( 247365), everywhere, events on bank holidays and weekends?
RTGS, (Real Time Gross Settlement System) payment gateway is the answer to your fund transfer needs.
Backed by the RBI, payments of ₹2lakh and above can be done electronically from one bank account to the other on a real time basis, 247365, within a span of just 30 minutes.
As a non- revocable payment gateway, with no minimum threshold limit, this facility can be availed by both retail and corporate customers by simply filling up form via internet or mobile, free of charge or through a visit to your branch, at a nominal service charge.

Let us understand the nuances of RTGS form filling-

Before that, let me give you a brief profile on DCB.
Development Credit Bank ( DCB) was established in 1995 as a joint-stock banking company by reconstituting Development Co-operative Bank Ltd (DCBL). DCBL began operations in 1981 and was formed by amalgamating Ismailia Co-operative Bank Ltd with Masalawala Co-operative Bank Ltd.
Backed by marquee investors, AKFED (Aga Khan Fund for Economic Development)
which had co-promoted HDFC ltd. in India in the late 1970s) and its Indian associate, Platinum Jubilee Investments, the largest shareholders, with their combined stake pegged at 14.88% (as on September 30, 2020).
Headquartered in Mumbai, DCB has an impressive customer base of ~10 lakh which is backed by a pan-India network of 405 branches, 112 ATMs across an asset base of ₹44,840 crores (FY2021).

Let us delve into the nuances of RTGS form.

  • For starters, the bank offers this facility to all its active account holders, online and offline.
  • Login to the official web portal, www.dcbbank.com
  • Navigate through the home page to download the form.
  • Fill the form with the following details:
  • Sender Account Details, Beneficiary
  • Account Details, Beneficiary Bank
  • IFSC Code and complete Amount transfer.
  • Now press 'RTGS' as the fund transfer type and move ahead.
  • Within a span of 30 minutes, the fund transfer would be fulfilled.
  • As a security layer, for payments to a newly added beneficiary, a cooling period of 48 hours is applied, during which payments cannot be transferred to the beneficiary so as to minimise the potential errors pertaining to incorrect amount or incorrect account holder.
  • Alternatively, customers can also fill the form offline by visiting the branch.

Frequently Asked Questions (FAQs):

Q. Will the new beneficiary be added quickly?

DCB allows a cooling period of 48 hours, in case a new beneficiary is added.
The payment to the newly added beneficiary would get fulfilled only after the cooling period.

Q. Is it possible to revoke an RTGS transfer?

Such transfers are non-revocable. Hence a customer should be very careful with regard to account details and amount to be transferred to the beneficiary.

Q. Is it possible to view my past fund transfers?

Yes, you can view your transaction activities by login to the bank's web portal and navigating to the ‘Funds Transfer History’ option.

Q. What are RTGS charges?Amount Service charge*

₹2 Lakh – ₹5 Lakh upto ₹24.50+GST
₹5 Lakh & above upto ₹49.50+ GST
The service charges (₹24.50 and ₹49.50 ) per transaction is capped by the RBI.
Banks may charge service fees lower than the capped amount.

Q. What are DCB RTGS timings?As per the bank's schedule, services can be availed from:

  • Monday to Friday from
10 AM To 3:30 PM
  • Saturday ( excluding 2nd and 4th) from 10 AM To 3:30 PM.

Q. Is there any maximum limit for RTGS transfer?

As per the RBI guidelines, there is no minimum threshold limit for such payments. A customer with an active account can transfer an amount as low as ₹1.

Q. What are the types of transfers permissible?

As an active account holder, i have the option to transfer funds from:
  • My DCB Bank account to my other account with the same bank.
  • I can also transfer funds from my DCB Bank account to a third party who also has an account with DCB.
  • Lastly, I can transfer funds from my DCB Bank account to Non -DCB Bank account holders.

Q. Is it possible to make payment via RTGS outside India?

As per the RBI guidelines, this payment gateway can only be accessed through banks within India.

Q. How is RTGS fund transfer processing different from that of the National Electronic Funds Transfer (NEFT) System?

One of the major differences between RTGS and NEFT fund transfer system is that in case of RTGS, the settlement occurs continuously, ie. on a transaction by transaction basis on real time, throughout the day. While in case of NEFT, the transactions are settled in batches with a time lag.

Q. Can a payee initiate an RTGS enabled fund transfer for a future date?

As per RBI guidelines, such payments cannot be fulfilled on the basis of future value dated transactions.

Never miss a trading opportunity with Margin Trading Facility

Enjoy 2X leverage on over 900+ stocks

Upstox Margin Trading Facility
Apple Logo
Downloadlogo
iOS App
Google Play Logo
Downloadlogo
Android App

RELATED ARTICLES

Axis Bank Corporate Net Banking - Login, Registrations, & Online Banking

Whether you are a large, medium or small scale enterprise,and are seeking paperless banking avenues, then Axis Bank corporate net banking platform is one such platform that you could consider. As India's third largest private sector player (balance sheet size of ₹11,75,178 crores FY2022) with national and overseas footprint, Axis Bank offers, wholesome, safe and secure corporate net banking services across customer profiles which includes large and mid-corporates, MSME, agriculture and retail customers. As a one-stop solution, customers can view their account details, download and print statements, Axis to Axis fund transfers, [NEFT](https://upstox.com/banking/what-is-neft-meaning-timings-full-form-charges-and-how-to-transfer-money/), [RTGS](https://upstox.com/banking/what-is-rtgs-meaning-full-form-timings-charges-and-transfer-limit/), [IMPS](https://upstox.com/banking/what-is-imps-meaning-full-form-charges-limits-and-how-to-transfer-money/), employee salary slips, tax payments, stop payment instructions on issued cheques, request for [ Demand Draft](https://upstox.com/banking/what-is-demand-draft-online-meaning/), online shopping across multiple merchants, single page view of accounts, deposits, loans, cards, etc. and much more.

Factors to consider while selecting a financial advisor

A financial advisor assists with investment decisions, account management, and financial planning, reducing stress over fund growth. Various types include those specialising in planning, investing, retirement, or robo-advisors with automated services. To select the right advisor, understand needs, determine budget, research credentials, choose the right advisor type, and ensure clear communication. Advisors align financial strategy, build trust, and aid in retirement planning amid market fluctuations. Choosing wisely is crucial for success; thorough research and compatibility lead to peace of mind and improved money management. Are you planning to make your money grow, but are not sure how to invest it strategically? Hiring a financial advisor could be a good start in that endeavour. From helping you build a solid portfolio to ensuring that your financial goals are successfully achieved, a financial advisor can help you in more ways than one. A disciplined process will enable you to get your personal finances in order and accomplish both short- and long-term objectives. As per Statista, 35% of Americans availed the services of financial advisors in 2022 to guide them with their investments. In this article, we will share with you some tips on identifying the right financial advisor. So, let’s start with the basics.

What is NEFT - Full Form, Meaning , Timings and How to Transfer Money

If you are into online transactions, then you must have heard of NEFT. This article is for you if you don't know what NEFT is. In this article, we will discuss what NEFT is and the prerequisite knowledge you need to carry out NEFT transactions. Further, we will be talking about the NEFT timings, its charges, and who can conduct an NEFT transaction. Lastly, we will be talking about how to go about the process of NEFT transfer and the transfer limit under NEFT.

How to Check Union Bank Mini Statement By Missed Call, Number & Mobile Banking

To put it simply, it is a condensed version of your bank statement that only includes the most recent transactions. You can view the specifics of five current debit/credit cards, NEFT/RTGS/IMPS/UPI/etc. Transactions in this small bank statement. In terms of the Indian public sector banking industry, the Union Bank of India stands out as a frontrunner. Union Bank of India (UBI) provides online banking services that are among the best in the industry. The best banking services are available around the clock at Union Bank. Through Union Bank's online banking services, consumers may quickly and easily access their bank accounts, saving them valuable time. Account users can access various banking services, including checking their balance, getting a brief summary of their account activity, transferring funds, and more. Customers of Union Bank of India can generate bank account statements and Union Bank of India Mini Statements using a variety of handy channels, including SMS Banking, the Missed Call Facility, Union Net Banking, and mobile banking.