We have following features for RTGS
- RTGS stands for Real-Time Gross Settlement. It is a system used by banks in India to transfer large amounts of money from one bank account to another instantly and individually.
- It allows real-time settlement, meaning the transfer happens instantly. Each transaction is processed individually, not in batches.
- The minimum amount for RTGS is ₹2,00,000. Transactions are final and cannot be reversed once processed. There is no upper limit for RTGS transfers.
- Requires beneficiary's name, account number, IFSC code, and amount. It can be used via internet banking, mobile banking, or at the bank branch.
- Provides fast, secure, and RBI-regulated fund transfer service. Both sender and receiver receive instant confirmation of the transaction.
- RTGS is available 24 hours a day, 7 days a week, including holidays.
- Preferred for business payments, property purchases, or emergency fund transfers due to its speed and transaction size.
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