The Saraswat Co-Operative Bank Limited: National Electronic Funds Transfer (NEFT) Application Form

The Saraswat Co-operative Bank Limited
National Electronic Funds Transfer (NEFT) Application Form
The Saraswat Co-operative Bank Limited Date :

_______________
Branch ___________________________
Cheque No: ________________
Applicant (Remitter) Details:
Account Name
Debit Account Number (15 Digit) Savings / Current / Overdraft
Email / Mobile No. of Remitter
Beneficiary Details:
Beneficiary Account Number Savings/Current/OD/Card
Beneficiary Name
IFSC Code 0
Beneficiary Bank & Branch
Beneficiary Account No (Repeat) Savings/Current/OD/Card
Remittance Details:
Amount (in figures) `
Amount (in words) Rupees
I/We hereby authorize The Saraswat Co-operative Bank Limited to carry out NEFT transaction as per the details mentioned
above and also to debit my/our account for the amount including charges plus taxes as applicable. I/We hereby agree that the
above transaction is subject to the Terms & Conditions as given overleaf.
For Bank’s use only
Yours Sincerely, Application Recd Time :
Related Ref. No.:
Signature Verified
_____________________________________________________ Transaction Entered by
and Tran authorised by
Signature of Authorized Signatory (Stamp wherever Tran Ref. No.:
required)
Sign & Code Sign & Code
---- ---- --- ------- --- ---- ------ --- ------- --- ---- ------ --- ------- --- ---- ------ --- ------- --- ---- ------ --- ------- --- ----
Acknowledgement
Received NEFT fund transfer application from ________________________________________ A/c. No. ____ ________________
for ` __________________ on _____________ at _______ am/pm. Beneficiary Name ____________________________ ___ __
IFSC: ___________________ A/c No.: ___________________
Seal Signature: __________________ Code: ________

Terms and Conditions
 NEFT request is subject to RBI regulations and guidelines governing the same.
 Credit will be effected based solely on the beneficiary account number provided by the applicant. Beneficiary name/
particulars may not be used for crediting the amount.
 Ensure that the details including IFSC code and the beneficiary account are correct. The Saraswat Co-operative Bank
Limited accepts no liability for any consequences arising out of erroneous details provided by the applicant.
 Application Form must be received by the remitting branch before cut-off time. If application is received after cut-off time,
then transfer of funds shall be effected on the next working day.
 Prior intimation will be given by the applicant to remitting branch for remittance of `. 1.00 crore and above.
 Once the account is debited, the remitter cannot revoke the given mandate.
 The Saraswat Bank shall not be liable for delay/ non-payments to the beneficiary if :
o Incorrect and Insufficient details of beneficiary are provided by the applicant/ remitter.
o Dislocation of work due to the circumstances beyond the control of Remitting/ Destination bank/branch like non-
functioning of computer system, disruption of work due to natural calamities, strike, riot etc or Network or internet
problem or other causes beyond the control of the Branch/ Bank resulting in disruption of communication. It will be
settled on the next working day when NEFT is functioning properly.
 NEFT request has to be submitted at Home Branch only. Request received at non home branches are likely to be
rejected.
Terms and Conditions

 NEFT request is subject to RBI regulations and guidelines governing the same.
 Credit will be effected based solely on the beneficiary account number provided by the applicant. Beneficiary name/ particulars may not
be used for crediting the amount.
 Ensure that the details including IFSC code and the beneficiary account are correct. The Saraswat Co-operative Bank Limited accepts no
liability for any consequences arising out of erroneous details provided by the applicant.
 Application Form must be received by the remitting branch before cut-off time. If application is received after cut-off time, then transfer of
funds shall be effected on the next working day.
 Prior intimation will be given by the applicant to remitting branch for remittance of `. 1.00 crore and above.
 Once the account is debited, the remitter cannot revoke the given mandate.
 The Saraswat Bank shall not be liable for delay/ non-payments to the beneficiary if :
o Incorrect and Insufficient details of beneficiary are provided by the applicant/ remitter.
o Dislocation of work due to the circumstances beyond the control of Remitting/ Destination bank/branch like non-functioning of
computer system, disruption of work due to natural calamities, strike, riot etc or Network or internet problem or other causes beyond
the control of the Branch/ Bank resulting in disruption of communication. It will be settled on the next working day when NEFT is
functioning properly.
 NEFT request has to be submitted at Home Branch only. Request received at non home branches are likely to be rejected.
Note: In case you are a beneficiary of funds through NEFT, please inform remitter your valid 15 digit account number.

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The Saraswat Co-operative Bank Limited

National Electronic Funds Transfer (NEFT) Application Form

The Saraswat Co-operative Bank Limited Date :

Email / Mobile No. of Remitter

Seal Signature: __________ Code:

Terms and Conditions

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