RTGS for Funds Transfer
RTGS - Real Time Gross Settlement. This is a system where the processing of funds transfer instructions takes place at the time they are received (real time). Also the settlement of funds transfer instructions occurs individually on an instruction by instruction basis (gross settlement). RTGS is the fastest possible interbank money transfer facility available through secure banking channels in India.
Benefits
Real Time Gross Settlement (RTGS) is the fastest possible interbank money transfer facility available through secure banking channels in India.
- Transfers in real-time
- Faster clearing house settlement issues.
Charges
- RTGS Inward Charges – Free
- RTGS Outward Charges
- 2 Lakh to 5 Lakh -50 Rs per transaction
- 5 Lakh & Above – 100 Rs per transaction
Timing
- Monday to Saturday (Excluding 2nd & 4th Saturday) 10:15 AM to 4:00 PM