What is the RTGS Payment?

Real time gross settlement (RTGS) is a payment system provided by the bank ,that enables the instant and complete electronic settlement of fund from one bank to another and from one place to another .

Minimum amount limit of RTGS Is 2 lakh

You can do RTGS transaction using both online and offline ways. To do the transaction online, you must have active internet banking .On other hand if you want to perform the RTGS transaction offline .you will have to visit your nearest RTGS enable bank branch and submit a fund transfer form.Loading image...

RTGS stands for Real Time Gross Settlement. It is a payment system that is commonly used by banks and financial institutions to transfer funds between accounts in real time. In an RTGS payment, the transaction is settled immediately and the funds are transferred from the sender's account to the recipient's account instantly, without any delay.

RTGS payments are often used for high-value transactions, such as large business payments, international money transfers, and other transactions that require immediate and secure settlement. They are typically faster and more secure than other forms of payment such as checks or wire transfers and are also more efficient as they do not require the physical movement of cash or checks.

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