Rtgs - Axis Bank

ANNEXURE
AXIS BANK LTD KAKINADA BRANCH APPLICATION FOR FUNDS TRANSFER UNDER RTGS
Please remit a sum of Rs. ____________ (Rupees _____________________________ to Account no. _____________________as per details given below. Cheque No. _________ dtd__________ favouring AXIS Bank Ltd, RTGS favoring ____________________(Beneficiary Name) is enclosed. We authorize AXIS Bank to debit his/its account with the prevailing service charges. We agree to abide by the terms and conditions given /mentioned overleaf Details of Applicant Details of Beneficiary 1. Name :_____________ 1. Account Type & No/Cash ____________________ 2 Name ______________ 4. IFSC Code:______________________ 3. Telephone No _________ 5. A./c Type & No:___________________ 4. Address________________ 6. City:__________________________ ___________________ 7. Tel/Fax No. (if any):______________Applicants Signature/s : For Bank Use Only Fund Transfer Applicants Signature/s verified :Y/N Amount of Remittance Rs. __________ Bank Charges Rs. __________ Total Amount Rs. ___________ Cheque No. __________ dated ________________________ 2. Bank:__________________________ 3.Branch: _________________________
Message Transmission Transaction authorized & Funds remitted through RTGS as per details of Beneficiary given above. 1. RTGS Serial No _______________ 2. MF No: __________________
1. 2. 3. 4. 5.
6. Finacle Tran ID:______________ 1. Signature of 2. Signature of Maker:___________ Checker:___________ Sign:_____________ Date:_____________ Time:_____________ Maker Sign:_________________ Date:_________________ Time:________________ Checker
. Acknowledgement Received application from _____________________________________ A/c No: ____________ For Rs __________ on ___________at__ ___ am/pm for funds transfer under RTGS as detailed below Beneficiary Name _________________________________________________City :____________________ along with cheque no. ________________. Bank:______________________-Branch _________________________A/c Type & No.: _______________ IFSC Code _________________ Signature:______________ Seal:
Terms & Conditions in respect of RTGS Transactions

1. All instructions relating to RTGS operation should be in writing & signed by the authorized signatories strictly as per the instructions given to the Bank to operate the relative account. 2. Funds Transfer shall be effected only if the destination Branch/originating Branch is participating in RTGS. 3. RTGS Application form should be supported by a cheque duly singed equal to the amount of remittance (excluding charges). In case of multiple RTGS applications, a single or multiple cheques may be submitted. 4. The RTGS Customer/ Applicant hereby irrevocably authorize AXIS Bank to debit his/its account with the prevailing service charges. 5. It is the responsibility of the RTGS Customer/ Applicant to ensure availability of sufficient clear funds in their Account to carry out the payment instructions given (including levy of service charges). 6. Application must be received before the cut off time as stipulated by the Bank/RBI. If application is received after the said cut off time, transfer of funds shall only be effected on the next working day. 7. It is the responsibility of the RTGS Customer /Applicant to ensure the correctness of the message especially the IFSC code of the recipient / destination branch & account number of the beneficiary. The collecting bank as well as the receiving bank will get valid discharge if the amount is credited to the account number mentioned in the Application even if the name of the beneficiary account holder differs. AXIS Bank shall not assume any liability or responsibility arising out of or made liable for any incorrect request or message. 8. Credit will be effected based solely on the beneficiary account number information and the beneficiary name particulars will not be used therefor. 9. It is the responsibility of the RTGS Customer/ Applicant to ensure the genuineness of the transactions conducted through RTGS & to ensure that no illegal transactions are conducted through RTGS. AXIS Bank shall not assume any liability for ensuring legality of transactions just because such transactions are routed through AXIS Bank. 10. Prior intimation must be given to the remitting branch for remittance of Rs. 1 (one) crore and above. once the application is submitted or processed or account is debited, the remitter cannot revoke the given mandate. If the date of payment happens to be a holiday at the centre where the recipient branch is situated, the credit will be passed on to the beneficiary on next working day. 11. The RTGS Customer / Applicant should verify the statement of account and confirm the correctness of remittances made. In case of any discrepancy the customer / Applicant should intimate the bank immediately. 12. If any transaction, cannot be settled due to the fault of the RTGS Customer/ Applicant, AXIS Bank will endeavour to advise the RTGS Customer/ Applicant of such nonsettlement on phone / fax, but AXIS Bank will not incur any liability to the RTGS Customer / Applicant, or to any counterparty or beneficiary in such circumstance. 13. AXIS Bank shall not be liable for delay in payments to the beneficiary if: a. Incorrect and insufficient details of beneficiary are provided by the applicant remitter. b. If there is dislocation of work due to circumstances beyond the control of Remitting/ Destination Banks including but not limited to circumstances like nonfunctioning of computer system, disruption of work due to natural calamities, strike, riot etc or Netware or internet problem or other causes beyond the control of the Branch/ bank resulting in disruption of communication, such cases will be settled on the next working day when RTGS is functioning properly. 14. The RTGS Customer / Applicant hereby agrees and undertakes that he is aware of all the RTGS rules set by RBI & to abide by all the guidelines issued by the RBI or any other regulatory authorities or as communicated by AXIS Bank applicable to the transactions relating to RTGS whether directly or / and indirectly. 15. The provisions of the Agreement shall always be subject to any rules, terms, conditions and administrative guidelines issued by RBI that may be enforced from time to time in respect of operation of RTGS account. 16. The RTGS Customer / Applicant hereby agrees and undertakes to indemnify and keep indemnified AXIS Bank from time to time against all losses, damages, costs (including legal fees), penalties and consequences arising in pursuance of handling the said RTGS transactions or/ and by virtue of AXIS Bank acting for and on behalf of the RTGS Customer/ Applicant in pursuance of this agreement.
Applicants Signature/s :

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ANNEXURE

Terms & Conditions in respect of RTGS Transactions

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