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    The acronym "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. Considering that money transfer takes place in the books of the Reserve Bank of India, the payment is taken as final and irrevocable.
    The RTGS system is primarily for large value transactions. The minimum amount to be remitted through RTGS is Rs.2 lakh. There is no upper ceiling for RTGS transactions.
    The remitting customer has to furnish the following information to a bank for effecting a RTGS remittance:
    1. Amount to be remitted
    2. His account number which is to be debited
    3. Name of the beneficiary bank
    4. Name of the beneficiary customer
    5. Account number of the beneficiary customer
    6. Sender to receiver information, if any
    7. The IFSC code of the receiving branch
    Your Bank is one of the few banks in India who has the facility of Straight Through Processing enabled for RTGS. This helps your money to reach its destination in "QUICKEST" time.
    RTGS transactions will be sent to RBI based on the following schedule:


    Start Time

    End Time

    Monday to Friday

    9:00 hrs

    16:00 hrs


    9:00 hrs

    13:00 hrs

    Please note that all the above timings are based on Indian Standard Time (IST) only.
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