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
  • Internet Banking

Limits and Charges

Transaction Limit RTGS
Minimum INR 2 lakhs
Maximum INR 10 lakhs
Daily Limit for Channel INR 10 lakhs
Transaction Charges RTGS
Upto INR 10,000 Nil
Amount above INR 10,000 and upto INR 1 lakh Nil
Amount above INR 1 lakh and upto INR 2 lakhs Nil
Amount above INR 2 lakhs and upto INR 5 lakhs Nil
Amount above INR 5 lakhs and upto INR 10 lakhs Nil

RTGS Transaction Timings

Monday to Saturday: 8 a.m. to 6 p.m. (Except 2nd and 4th Saturdays and other holidays declared by RBI)

Terms & Conditions

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