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RTGS
‘RTGS’ stands for Real Time Gross Settlement, which means continuous (real-time) settlement of funds individually on an order by order basis. ‘Real Time’ means the processing of instructions at the time they are received rather than at some later time. Considering that the fund settlement takes place in the books of the Reserve Bank of India, the payments are final and irrevocable.
RTGS can be done through
Internet Banking Mobile Banking Branch BankingTimings : 24 x 7 x 365* on Digital Banking Channels
Transaction Limits (Digital Banking)
| Type of Account | Limit / Transaction | Limit / Day | Charges |
|---|---|---|---|
| Savings Account | Rs. 2,00,000 – 5,00,000 | Rs. 2,00,000 – 10,00,000 | Nil |
| Current Account | Rs. 2,00,000 – 5,00,000 | Rs. 2,00,000 – 10,00,000 | Nil |
