Real Time Gross Settlement RTGS system is a funds transfer mechanism where transfer of money takes place from one bank to another on a “real time” and on “gross” basis.

This is the fastest possible money transfer system through the banking channel.

RTGS business hours:

Monday to Friday : 9.00 AM to 4.30 PM
Saturday : 9.00 AM to 12..30 PM

RTGS system is primarily for large value transactions.

The minimum amount to be remitted through RTGS is Rs.1 lakh.

There is no upper ceiling for RTGS transactions.

No minimum or maximum stipulation has been fixed for NEFT transactions.

Charges-

Rs.1 to less than Rs. 5 lakhs : Rs.25/- per transaction
Rs.5 lakhs and above : Rs.50/- per transaction

All incoming are free of charge.

Contact-

Corporate Office - Postal Address

Indian Bank, Corporate Office,
PB No: 5555, 254-260, Avvai Shanmugam Salai,
Royapettah, Chennai - 600 014

Corporate Office - Phone Number
044 28134300