Real Time Gross Settlement (RTGS) is the continuous (real-time) settlement of funds individually on an order by order basis (without netting). 'Real Time' means that the processing of instructions is done immediately at the time they are received rather than at some later time. 'Gross Settlement' means the settlement of funds transfer instructions occurs individually (on an instruction by instruction basis). The funds settlement takes place in the books of the Reserve Bank of India and thus the payments are final and irrevocable.
Channels for Transacting
- Mobile Banking (MB)
- Retail Internet Banking (RIB)
- Corporate Internet Banking (CIB)
| Transaction Limit | RTGS |
| Daily Minimum Limit for Channel (MB & RIB) | INR 2 Lakhs |
| Daily Maximum Limit for Channel (MB & RIB) | INR 10 Lakhs |
| Daily Minimum Limit for Branch | INR 2 Lakhs |
| Daily Maximum Limit for Branch | NA |
Click here to view the Schedule of Charges.
RTGS Transaction Timings
Monday to Saturday: 7 a.m. to 5 p.m. (Except 2nd and 4th Saturdays and other holidays declared by RBI)