Every Remitter will use RTGS form to Transfer the amount above 2 lakhs. RTGS and NEFT systems are maintained by the Reserve Bank of India. Andhra bank Inter-Bank Transfers can be done in two ways there are RTGS and NEFT. RTGS means Real Time Gross Settlement and NEFT means National Electronic Fund Transfer. Here you can find Andhra bank RTGS / NEFT application form PDF format free download.
We need to fill the following details on the New RTGS / NEFT form of Andhra Bank:
| Sender Details | Beneficiary Details |
| Sender Name | Name of the beneficiary account holder |
| Bank Account Number | Bank account number |
| Cheque Number | Bank name |
| Branch Name | Bank branch |
| Branch Code | IFSC code |
↓Download Andhra Bank RTGS / NEFT Form PDF Format
Real-Time Gross Settlement System (RTGS) is a funds transfer mechanism where the transfer of money takes place from one bank to another on a real-time basis. In other words, this is an electronic payment processing environment wherein transactions are settled as soon as they are processed.
Only customers of the branch where they are having Savings/Current Accounts Customer can remit funds to the account of another RTGS enabled bank branch
The funds are transferred instantaneously at nominal charges Min Amount for Transfer Rs 2.0 lakhs Max amount for transfer no limit.
| RTGS Transaction | Service Charges | |
| Inward Transaction | Free | |
| Outward Transaction | From Rs.2.00 lakhs Upto Rs.5 lakhs | Above Rs.5 lakhs |
| Rs. 25.00 per transaction | Rs. 50.00 per transaction | |
IFSC of the bank branch to which the remittance to be made (IFSC is 11 characters code). Beneficiary account number, Name and Address (to whom the remittance is intended to ). Approach the branch with the above details
Monday to Saturday: 08:00 hrs to 16:00 hrs
RTGS works on all days except on 2nd & 4th Saturdays of the month, Sundays and National Holidays
Andhra bank NEFT Details :
National Electronic Funds Transfer (NEFT) is a funds transfer mechanism where transfer of money takes place from one bank to another on the same day . In other words, this is an electronic payment processing environment wherein transactions are settled as soon as they are processed
Customers of the branch where they are having Savings/Current Accounts. Walking customers for below Rs. 50,000
Min Amount for Transfer Rs.1
Max Amount for Transfer No Limit
| Outward Transactions NEFT | AMOUNT | SAVINGS BANK ACCOUNT HOLDERS | OTHERS (Both A/c holders and Non-A/c holders) | ||
| ON-LINE TRANSFERS | OTHER TRANSFERS | ON-LINE TRANSFERS | OTHER TRANSFERS | ||
| Up to Rs. 2,500/- | NIL | Rs.2.00 Plus GST | NIL | Rs.2.00 Plus GST | |
| Above 2,500/- to Rs. 10,000/- | NIL | Rs.2.00 Plus GST | Rs.2.00 Plus GST | Rs.2.00 Plus GST | |
| Above Rs.10,000/- to Rs.1 Lakh | NIL | Rs.4.50 Plus GST | Rs.4.50 Plus GST | Rs.4.50 Plus GST | |
| Above Rs.1 Lakh to Rs.2 Lakhs | NIL | Rs.14.50 Plus GST | Rs.14.50 Plus GST | Rs.14.50 Plus GST | |
| Above Rs.2 Lakhs | NIL | Rs.25.00 Plus GST | Rs.25.00 Plus GST | Rs.25.00 Plus GST | |
IFSC of the bank branch to which the remittance to be made (IFSC is 11 characters code). Beneficiary account number, Name and Address (to whom the remittance is intended to ). Approach the branch with the above details
Within 2 hrs of remittance on the same day
Monday to Saturday: 08:00 hrs to 19:00 hrs
NEFT works on all days except on 2nd & 4th Saturday of the month, Sundays and National Holidays