Federal Bank RTGS

Last Updated : July 28, 2025, 6:16 p.m.

Real-Time Gross Settlement (RTGS) is a secure and efficient electronic fund transfer system offered by Federal Bank, enabling instant transfers for high-value transactions. Regulated by the Reserve Bank of India (RBI), Federal Bank was the first bank in India to provide RTGS services across all its branches. This guide covers the benefits, limits, timings, form download process, filling instructions, charges, and frequently asked questions about Federal Bank RTGS.

Benefits of Federal Bank RTGS

• Instant Transfers : Funds are credited to the beneficiary’s account in real-time, typically within 30 minutes of initiation, ensuring quick settlements.
• High Security : Transactions occur on the secure INFINET platform, managed by the Institute for Development and Research in Banking Technology (IDRBT), minimizing fraud risks.
• No Upper Limit : Ideal for large-value transactions, RTGS has no maximum transfer limit for branch-based transactions, supporting business and personal needs.
• Nationwide Availability : Federal Bank offers RTGS across all its branches, making it accessible for customers throughout India.
• Irrevocable Payments : Once processed, transactions are final, providing certainty for both sender and receiver.

Federal Bank RTGS Limit

• Minimum Limit : The minimum amount for an RTGS transaction is ₹2 lakh, as mandated by RBI guidelines.
• Maximum Limit : There is no upper ceiling for RTGS transactions conducted through Federal Bank branches. For online transactions via FedNet (internet banking), the limit may depend on the customer’s Third Party Transfer (TPT) settings, which can be adjusted via internet banking or at a branch.

Federal Bank RTGS Timings

• Online Transactions : RTGS is available 24x7x365, including weekends and holidays, except during a daily maintenance window from 11:50 PM to 00:30 AM IST, as per RBI guidelines.
• Branch Transactions : Available during bank working hours, typically Monday to Friday and the 1st and 3rd Saturdays of the month, from 9:00 AM to 4:30 PM. RTGS is not available on the 2nd and 4th Saturdays. Confirm exact timings with your local branch.

How to Download the Federal Bank RTGS Form?

1. Visit the Official Website : Go to www.federalbank.co.in.
2. Navigate to Forms Section : Look for the "Downloads" or "Forms" section, often found under "Customer Service" or "Personal Banking."
3. Select RTGS/NEFT Form : Find the RTGS/NEFT fund transfer form, which is typically a single form for both services.
4. Download the Form : Click the link to download the form as a PDF to your device.
5. Alternative : Visit a Federal Bank branch to obtain a physical copy of the RTGS form from a bank representative.

How to Fill the Federal Bank RTGS Form?

1. Remitter Details :
   • Name : Enter your full name as registered with the bank.
   • Account Number : Provide your Federal Bank account number from which funds will be debited.
   • Contact Details : Include your phone number for verification purposes.
2. Beneficiary Details :
   • Name : Enter the beneficiary’s full name as per their bank records.
   • Account Number : Provide the beneficiary’s account number.
   • Bank and Branch : Specify the beneficiary’s bank name and branch.
   • IFSC Code : Enter the 11-digit IFSC code of the beneficiary’s bank branch (e.g., FDRL0001234 for Federal Bank).
3. Transaction Details :
   • Amount : Enter the transfer amount (minimum ₹2 lakh).
   • Purpose : Mention the purpose of the transaction (e.g., business payment, personal transfer).
   • Mode : Select RTGS as the transfer mode (the form may also include NEFT options).
4. Cheque Details (if applicable) :
   • Write “Yourself – RTGS Remittance” on the cheque, make it A/C payee, and include the amount in figures and words.
   • On the back of the cheque, write the beneficiary’s name, account number, bank, branch, and IFSC code.
5. Signature : Sign the form and cheque, ensuring the signature matches your bank records.
6. Verification Documents : For transactions above ₹50,000, provide a PAN Card, Aadhaar Card, or Voter ID for verification.
7. Submission : Submit the completed form and cheque (if applicable) to a bank official for processing.

Federal Bank RTGS Charges

• Online Transactions : RTGS transactions initiated through FedNet (internet banking) or FedMobile (mobile banking) are free of charge, as per RBI guidelines effective since July 1, 2019.
• Branch Transactions : A nominal fee of ₹15 + applicable GST per transaction is charged for RTGS transactions initiated at Federal Bank branches.
• Inward Transactions : No charges are levied for receiving RTGS funds, as mandated by the RBI.