How to transfer amount from one account to another account?
Today, our bank sectors have been
developed by IT Department and easy techniques have come in the market for the
users to transfer their amount to any other account like as Mobile Banking, Net
Banking, IMPS, money transfer through applications, RTGS and NEFT. But till now
some sectors are using manually RTGS and NEFT to transfer their amount to their
clients’ bank account.
Here, we’ll discuss in brief about RTGS and NEFT
What is RTGS?
RTGS- Real Time Gross Settlement
When we transfer amount
above 2 lac rupees. We use to transfer this amount through RTGS. This amount is
transferred in same time from one account to another account.
How to prepare letter or form for RTGS?
Banks provide their RTGS
form format but here we can make our own letter with all the required details
with the signature of authorized person and stamp.
Format of Letter
How to prepare cheque for RTGS?
When we make cheque for RTGS. We write on front of pay
to “Your Self for RTGS” and properly
fill the date and amount in both inwords and numerical. After this the cheque
should be signed by the authorized signatory like as :- Individual, Proprietor,
Partner, Director and Trustee etc.
Specimen of Cheque
What is NEFT?
NEFT- National Electronic Fund Transfer
When we transfer amount below
2 lac rupees. We use to transfer this amount through NEFT. It takes some time
to transfer amount from one account to another account.
How to prepare letter or form for NEFT?
Banks provide their NEFT
form format but here we can make our own letter with all the required details
with the signature of authorized person and stamp.
Format of Letter
How to prepare cheque for NEFT?
When
we make cheque for NEFT. We write on front of pay to “Your Self for NEFT” and properly fill the date and amount in both
inwords and numerical. After this the cheque should be signed by the authorized
signatory like as :- Individual, Proprietor, Partner, Director and Trustee etc.
Specimen of Cheque
For more learning videos
Click on #SIONLINEG
& Join my channel SAI INSTITUTE ONLINE
