Real Time Gross Settlement (RTGS) is the speediest conceivable cash exchange framework through the managing an account channel. Since settlements are set aside a few minutes, exchanges are not subject to any holding up periods. With RTGS, exchanging cash turns into a simpler, speedier process.

What is RTGS Funds Transfer?

A between bank stores exchange framework that influences exchanges in 'genuine to time'

What are the advantages?

Speed – moves continuously

Speedier settlement cycles – no more between bank or clearing house settlement issues

More extensive limits – no land confinements inside India

RTGS Funds Transfer process

RTGS Funds Transfer is both quick and advantageous.

Go to Funds Transfer and select 'Exchange to other bank (utilizing RTGS)'

Include the recipient's subtle elements

Finish the exchange subtle elements (the sender and beneficiary data)

Affirm your exchange

If you don't mind Note:

The recipient will be initiated in 30 minutes (because of security reasons). The Beneficiary can be seen in the "View Beneficiary" choice of the Enquire Section.

Post enactment of a recipient, RTGS exchanges are conceivable just post 48 hours.

An additional recipient to whom no assets are exchanged for over two years, is dealt with as another recipient in all regards.

A greatest of 7 recipients can be included/altered/erased in a time of 24 hours.

Fees

RTGS exchanges are charged as underneath:

Rs 2 lakh to Rs 5 lakh - Rs. 25 (restrictive of expenses) per exchange

Above Rs 5 lakh - Rs. 50 (restrictive of expenses) per exchange

Transaction Type

Cut-Off timing for same day processing
Branch Timing
Netbanking Timing

RTGS (Per Transaction)

Monday to Friday: 3:30 PM
Saturday (excluding 2nd and 4th): 3:30 PM

Monday to Friday: 04:00 PM
Saturday (excluding 2nd and 4th): 04:00 PM

Transaction limits

Transaction
Branch Timing
Netbanking Timing

RTGS
No limit
Rs 2 lakh upto 10 lakh per day