REAL TIME GROSS SETTLEMENT ( RTGS )
RTGS is a modern, robust, integrated payment and continuous (real time) settlement system developed by RBI, whereby the Banks and Financial Institutions (Member Banks/FIs) transfer funds (both for customers and inter-bank transactions) to one another on an immediate, final and irrevocable basis during the stipulated business hours as indicated below :
Timing for RTGS Transactions:
RTGS has been made available for customer and inter-bank transactions round the clock on all days of the year excluding RTGS holidays declared by RBI.
The timings for RTGS transactions at Branch Interface will be as per the timings of the Branch.
Charges for NEFT/RTGS transactions:
For RTGS, the minimum amount (floor limit) is Rs.2 lakh for customer Transactions. There is no maximum limit.
|Rs.2.00 lakh to Rs.5.00 lakh||Rs.24.50||NIL|
|Above Rs. 5.00 lakh||Rs.49.50|