Real Time Gross Settlement System (RTGS)

         Transfer - any amount of Rs. 2, 00,000 and above within 2 Hours to Any Bank / Account Anywhere in India. There will no floor or cap value for customer transactions, which are sent to the RTGS System for settlement.

About RTGS System:-

  • "RTGS" stands for Real Time Gross Settlement.
  • RTGS system is a funds transfer mechanism where transfer of money takes place from one bank to another     on a "real time" and on "gross" basis.
  • This is the fastest possible money transfer system through the banking channel.
  • Settlement in "real time" means payment transaction is not subjected to any waiting period.
  • The transactions are settled as soon as they are processed.
  • "Gross settlement" means the transaction is settled on one to one basis without bunching with any other      transaction.