'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. 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
Timings : 09:30 To 03:30 PM through Digital Banking Channels
Branch Banking & Mobile Banking
Type of Account | Maximum Limit / Transaction | Maximum Limit/Day | Charges |
---|---|---|---|
Saving Accounts | 5,00,000 /- | 5,00,000 /- | Free on Outward RTGS/NEFT charges through Mobile Banking Application channel & Free Inward RTGS / NEFT Charges. |
Current Accounts | 5,00,000 /- | 5,00,000 /- |