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.

Ceiling in amount for RTGS transaction

• The RTGS system is primarily for large value transactions.

• The minimum amount to be remitted through RTGS is Rs.1 lakh.

• There is no upper ceiling for RTGS transactions

Transaction hours

The RTGS service for customer's transactions is available from 9.00 hours to 15.00 hours on week days and  from 9.00 hours to 11.30 A.M.  on Saturdays.

Time limit for credit

The beneficiary bank credits the beneficiary's account within two hours of receiving the funds transfer message.

The essential information required for RTGS remittance

The remitting customer has to furnish the following information to a bank for effecting a RTGS remittance:

• Amount to be remitted

• His/Her account number which is to be debited

• Name of the beneficiary bank

• Name of the beneficiary customer

• Account number of the beneficiary customer

• Sender to receiver information, if any

• The IFSC code of the receiving branch 

(To know the IFSC code, our branches will help).

The customers of our Bank, who are receiving inward remittance through RTGS have to inform the 10 digit CBS  account number (without hyphen or space between digits) to the remitter for instant credit.