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Date: China trust RTGS / NEFT Transaction Request Form Remittance mode(Please Specify): RTGS Customer's Instruction (Please write in Capital Letter) Amount to be Remitted Rs. In figure Name of Applicant
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NEFT (National Electronic Funds Transfer) and RTGS (Real Time Gross Settlement) are electronic payment systems used for transferring funds from one bank account to another. NEFT is used for transferring funds less than 2 lakhs, whereas RTGS is used for transferring funds above 2 lakhs. A NEFT RTGS transaction request is a request made by a customer to transfer funds using either NEFT or RTGS.
Any individual or business entity who needs to transfer funds from one bank account to another can file a NEFT RTGS transaction request.
To fill out a NEFT RTGS transaction request, the customer needs to provide details such as beneficiary's account number, IFSC code, amount to be transferred, and purpose of the transaction. This information can be submitted online through the bank's internet banking portal or by visiting the bank branch.
The purpose of a NEFT RTGS transaction request is to facilitate electronic funds transfer in a secure and efficient manner.
The information that must be reported on a NEFT RTGS transaction request includes beneficiary's account number, IFSC code, amount to be transferred, and purpose of the transaction.
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