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Indian Overseas Bank RTGS stands for Real Time Gross Settlement and it is a system for large value interbank fund transfers operated by the Indian Overseas Bank.
Indian Overseas Bank customers who need to transfer large amounts of funds between accounts are required to use the RTGS system.
To fill out Indian Overseas Bank RTGS, customers need to provide details of the beneficiary account including account number, IFSC code, amount to be transferred, and purpose of transfer.
The purpose of Indian Overseas Bank RTGS is to facilitate real-time transfers of large funds between accounts of different banks.
Information such as beneficiary account details, amount to be transferred, purpose of transfer, sender's account details, and IFSC code must be reported on Indian Overseas Bank RTGS.
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