Can you tell me in detail about the RTGS or Real Time Gross Settlement facility offered by SBH or State Bank of Hyderabad?

RTGS or Real Time Gross Settlement facilitates offered by SBH or State Bank of Hyderabad transfer of funds from accounts in one bank to another on a “real time” and on “gross settlement” basis.

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

It is an:

Instant Electronic Money Transfer to any a/c with any Bank in India
Secured & direct credit afforded to beneficiaries a/c at other Bank
Available for High value transactions of over `1.00 lac and over

Time of settlement at the Reserve Bank of India Charge per transaction for
Outward Transactions
From To (w.e.f:01.10.2011)


09:00 hours 12:00 hours `2.00 lakhs to `5.00 lakhs Rs. 25
Above `5.00 lakhs Rs. 50

After 12:00 hours 15:30 hours (13.30 hours on
Saturday hours) `2.00 lakhs to `5.00 lakhs Rs. 26
Above `5.00 lakhs Rs. 51

After 15:30 hours 16:30 hours (on week days) `2.00 lakhs to `5.00 lakhs Rs. 30
Above Rs. 5.00 lakhs Rs. 55

Mandatory information required making 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