RTGS or Real Time Gross Settlement is a system that facilitates transfer of funds from accounts in one bank to another on a “real time” and on “gross settlement” basis.

It is the fastest possible inter bank money transfer facility available through secure banking channels in India.

It is instant Electronic Money Transfer to any a/c with any Bank in India. Its is secured & direct credit afforded to beneficiaries a/c at other Bank and available for High value transactions of over Rs. 1.00 lac and over

The minimum / maximum amount for RTGS /NEFT transactions under Retail Internet Banking

Type Minimum Maximum
RTGS Rs. 2 Lakhs Rs. 5 Lakhs

The minimum / maximum amount for RTGS /NEFT transactions under Corporate Internet Banking

Type Minimum Maximum
RTGS Rs. 2 Lakhs No Limit

RTGS transactions will be sent to RBI based on the following schedule:

Day Start Time End Time
Monday to Working Saturday 8:00 hrs 16:00 hrs

Charges for RTGS are:

Amount Service Charge
Rs.2 lakhs to Rs.5 lakhs Rs.28/-
Above Rs.5 lakhs Rs.56/-

The mandatory information required to make an RTGS payment

The Remitter has to provide the following details:
• Amount to be remitted
• Account number which is to be debited
• Name of the beneficiary bank
• Name of the beneficiary
• Account number of the beneficiary
• Remarks or description, if any
• The IFSC code of the beneficiary branch