IDFC First Bank RTGS

Last Updated : July 29, 2025, 5:03 p.m.

IDFC First Bank’s Real-Time Gross Settlement (RTGS) service enables seamless, high-value fund transfers across India, offering instant and secure transactions for both individuals and businesses. Regulated by the Reserve Bank of India (RBI), this service is ideal for urgent payments above ₹2,00,000, with no upper limit for branch-based transfers and zero charges for both online and offline transactions. Below is a comprehensive guide to understanding and utilizing IDFC First Bank’s RTGS services effectively.

Benefits of IDFC First Bank RTGS

• Instant Transfers : Funds are credited to the beneficiary’s account in real-time, typically within 30 minutes, ensuring quick access to money.
• High Security : Regulated by the Reserve Bank of India (RBI), RTGS offers robust security with advanced authentication, minimizing fraud risks.
• No Upper Limit : Ideal for high-value transactions, with no maximum limit for branch-based transfers, perfect for business or personal needs.
• 24/7 Availability : Online RTGS services are available round-the-clock, including weekends and holidays, except during a brief maintenance window (11:54 PM to 11:59 PM).
• Convenience : Initiate transfers via internet banking, mobile banking, or at any IDFC First Bank branch, offering flexibility.
• Zero Fees : IDFC First Bank offers RTGS transactions free of charge, both online and at branches, enhancing cost-effectiveness.

IDFC First Bank RTGS Timings

• RTGS services are available 24/7 for online transactions through internet banking or the IDFC First Bank mobile app, except from 11:54 PM to 11:59 PM, when transactions are processed the next working day.
• For branch-based transactions, RTGS is available during bank operating hours, typically Monday to Friday (8:00 AM to 3:30 PM) and Saturday (10:00 AM to 3:30 PM, excluding the 2nd and 4th Saturdays).
• Transactions above ₹50 lakh during non-banking hours or holidays are debited instantly but credited the next working day.

IDFC First Bank RTGS Limit

• Minimum Limit : ₹2,00,000 per transaction, as mandated by RBI for RTGS.
• Maximum Limit : ₹20,00,000 per day for online transactions; no upper limit for branch-based transactions.
• For entities initiating transactions of ₹50 crore and above, a valid Legal Entity Identifier (LEI) is mandatory.

How to Download IDFC First Bank RTGS Form?

To download the IDFC First Bank RTGS/NEFT form:

1. Visit the official IDFC First Bank website (www.idfcfirstbank.com).
2. Scroll to the bottom of the homepage and click on Form Centre.
3. Select Wholesale Banking from the options.
4. Locate the RTGS/NEFT form and click the Download tab next to it.
5. The form will download as a PDF to your device.

How to Fill IDFC First Bank RTGS Form?

Follow these steps to fill out the RTGS form accurately:

1. Date and Branch : Enter the date and the sender’s IDFC First Bank branch name.
2. Transfer Mode : Tick the RTGS option to indicate the mode of transfer.
3. Sender Details : Provide the payee’s customer ID, debit account number, and account holder’s name.
4. Beneficiary Details : Enter the beneficiary’s name, account number (reconfirm for accuracy), account type (savings or current), bank name, branch address, city, and IFSC code.
5. Legal Entity Identifier (LEI) : Include the LEI if applicable (mandatory for transactions of ₹50 crore and above).
6. Amount : Specify the payable amount in both numeric and word formats.
7. Declaration : Write your name, photo ID type, and provide your signature (twice for verification).
8. Cheque Details (if applicable): Include the cheque number and date if using a cheque for the transaction.

IDFC First Bank RTGS Charges

• IDFC First Bank offers RTGS transactions free of charge for both online (via net banking or mobile app) and branch-based transfers, making it a cost-effective option for high-value transactions.