How to Fill a Cheque for RTGS Transactions – A Step-by-Step Guide

How to Fill a Cheque for RTGS Transactions: If you need to transfer a large sum of money quickly and securely, RTGS (Real-Time Gross Settlement) is one of the best options. RTGS transactions are processed in real-time, meaning the money is transferred instantly without any delays.

However, some banks require a cheque to process an RTGS request, and many people get confused about how to fill the cheque correctly. A small mistake can lead to delays or rejection of the transaction.

In this guide, I’ll walk you through the exact steps to fill an RTGS cheque correctly, with detailed examples, so your transaction goes smoothly.

What is RTGS and Why Do You Need a Cheque for It?

RTGS (Real-Time Gross Settlement) is a secure, high-speed fund transfer system designed for large-value transactions. Unlike NEFT (National Electronic Funds Transfer), which processes payments in batches at set intervals, RTGS settles transactions individually and instantly — ensuring the recipient gets the money without delay. This makes it ideal for time-sensitive, high-value transfers.

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RTGS Limits: Minimum and Maximum Amount

Minimum Transfer Amount: ₹2 lakh — RTGS is designed specifically for large-value transfers, so smaller transactions aren’t supported.
Maximum Transfer Amount: There’s no upper limit set by the Reserve Bank of India (RBI). However, individual banks may impose their own daily limits for online or branch-based RTGS transactions. For example:
- Branch transactions: Usually have no upper limit.
- Internet banking transactions: Often capped by banks — limits might range from ₹10 lakh to ₹50 lakh or more, depending on the bank and your account type.

Why Banks Require a Cheque for RTGS Transactions

When you initiate an RTGS transaction at a branch, banks typically ask for a cheque. Here’s why:

✅ 1. To Verify Account Details
The cheque serves as a physical confirmation of your account number and details. This helps the bank ensure the right account is debited, preventing errors or fraud.

✅ 2. Proof of Authorization
Your signed cheque acts as legal proof that you, the account holder, authorized the transaction. This extra layer of security protects both you and the bank from unauthorized transfers.

✅ 3. Record for Security and Audits
Banks keep the cheque along with the RTGS request form as an official record. This helps in case of any disputes or if you need transaction verification later.

Tips for a Smooth RTGS Transaction

Double-check cheque details: Ensure the payee name, account number, and amount are accurate. Any mistake can cause delays or rejections.
Write “RTGS Transfer” in the cheque’s remarks section for clarity.
Ensure sufficient balance — RTGS transfers are irreversible, so make sure your account has enough funds to complete the transaction.
Carry an ID proof — Some banks may request a valid ID when processing the request in person, especially for large sums.

By understanding the RTGS limits and why banks require a cheque, you can handle high-value transfers smoothly, securely, and without errors.r RTGS, you can ensure faster, error-free high-value transactions while keeping your funds secure.

Step-by-Step Guide to Filling a Cheque for RTGS

Filling an RTGS cheque is different from filling a normal cheque for payments. Follow these steps carefully:

Step 1: Write the Date Correctly

Locate the top right corner of the cheque where the date field is.
Write the current date in DD/MM/YYYY format.
Example: 12/03/2025
Ensure the date is valid (not post-dated or older than 3 months).

⛔ Wrong Example: 01-03-25 (Incorrect format)
✅ Correct Example: 12/03/2025

Step 2: Write the Bank’s Name in the ‘Pay’ Section

Normally, you write the recipient’s name in this section, but for RTGS, write your own bank’s name instead.
Example:
- If your bank is SBI, write “State Bank of India”.
- If your bank is ICICI, write “ICICI Bank”.
- If your bank is India Post Payments Bank (IPPB), write “India Post Payments Bank”.

⛔ Wrong Example: Writing the beneficiary’s name instead of the bank’s name.
✅ Correct Example: “State Bank of India”

This ensures that the bank processes the RTGS from your account correctly.

Step 3: Write “RTGS” in the Amount Section

Unlike regular cheques, you do not mention an exact amount in the cheque for RTGS. Instead:

In the Amount in Words section, write: “RTGS”
In the Amount in Figures section, either:
- Leave it blank or
- Write “00/—” to prevent misuse.

⛔ Wrong Example: Writing ₹2,50,000/- in figures and “Two Lakh Fifty Thousand Rupees Only” in words.
✅ Correct Example: Writing “RTGS” in words and “00/—” in figures.

Step 4: Write “RTGS” in the A/C Payee Section

Normally, this section contains the beneficiary’s account details, but for RTGS, simply write “RTGS” instead.
Strike out the “Or Bearer” option to prevent encashment by mistake.

⛔ Wrong Example: Leaving the “Or Bearer” option unchecked.
✅ Correct Example: Striking it off and writing RTGS in the account section.

Step 5: Sign the Cheque Properly

Your signature is crucial for the bank to process the cheque.

Sign in the signature area at the bottom right of the cheque.
Make sure your signature matches the bank records.
If your signature doesn’t match, the bank may reject the RTGS request.

⛔ Wrong Example: Using a different signature or signing in the wrong place.
✅ Correct Example: Signing in the designated space, matching bank records.

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How to Submit the RTGS Cheque to Your Bank

Once the cheque is filled out, here’s what you need to do:

1️⃣ Fill out the RTGS Request Form – Available at the bank or downloadable online.
2️⃣ Attach the Filled Cheque – The cheque serves as authorization.
3️⃣ Submit at the Bank Counter – Hand over both documents to the RTGS processing desk.
4️⃣ Receive an Acknowledgment Slip – This contains a reference number to track your RTGS transaction.

Processing Time:

If submitted before the RTGS cut-off time, it will be processed instantly.
If submitted after banking hours, it will be processed the next working day.

Examples of Filling RTGS Cheques

Example 1: RTGS Cheque for SBI (State Bank of India)

If you’re banking with SBI and want to send an RTGS payment, your cheque should look like this:

✅ Date: 12/03/2025
✅ Pay: State Bank of India
✅ Amount in Words: RTGS
✅ Amount in Figures: 00/—
✅ A/C Payee Section: RTGS
✅ Signature: Your registered signature
✅ Strike off “Or Bearer”

Attach this cheque with the SBI RTGS form and submit it at the RTGS counter in your SBI branch.

Example 2: RTGS Cheque for India Post Payments Bank (IPPB)

For India Post Payments Bank (IPPB), follow the same format:

✅ Date: 12/03/2025
✅ Pay: India Post Payments Bank
✅ Amount in Words: RTGS
✅ Amount in Figures: 00/—
✅ A/C Payee Section: RTGS
✅ Signature: Your registered signature
✅ Strike off “Or Bearer”

Submit this cheque with your RTGS request form at any India Post Payments Bank (IPPB) branch or post office counter that offers RTGS services.

Final Takeaway

In conclusion, RTGS is a reliable and efficient way to handle high-value transactions. To ensure everything goes smoothly, keep these key points in mind:

✅ RTGS is the best choice for high-value transactions (₹2 lakh and above), ensuring instant, secure money transfers.
✅ Fill the cheque carefully, mentioning “RTGS” in key sections to avoid errors.
✅ Submit the cheque along with the RTGS request form at your bank to authorize the transfer.
✅ Keep the acknowledgment slip — it’s essential for tracking and verifying your transaction.

By following this guide, you can ensure your RTGS transactions go through smoothly without any issues. Got any questions? Drop them in the comments below!

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Frequently Asked Questions (FAQs)

1. Can I Fill the RTGS Cheque Online?

No, you must submit a physical cheque. However, some banks allow RTGS transactions via net banking without a cheque.

2. What If I Make a Mistake on the Cheque?

If you make a mistake, cancel the cheque and write a new one. Banks usually reject cheques with overwriting.

3. Can I Use an RTGS Cheque for NEFT?

No, NEFT and RTGS have different processing methods. Check with your bank for the correct format for NEFT.

4. What Happens If My RTGS Transaction Fails?

If the RTGS transfer fails due to incorrect details, the amount is not debited. If it’s mistakenly debited, the bank will refund it.