RTGS
We have following features for RTGS
- RTGS is an acronym that stands for Real Time Gross Settlement. RTGS is a funds transfer system where money is moved from one bank to another in ‘real-time’ and on gross basis.
- When using the banking method, RTGS is the fastest possible way to transfer money. ‘Real-Time’ means that the payment transaction isn’t subject to any waiting period.
- The RTGS system is primarily for large value transactions. The minimum amount to be remitted through RTGS is Rs.2 lakhs. There is no upper ceiling for RTGS transactions.