RTGS Transfer
Real Time Gross Settlement — minimum amount, timings & charges
24×7
Available
₹2 lakh
Min Amount
FREE
Online Charge
~30 min
Typical Time
| Full form | Real Time Gross Settlement |
| Operated by | Reserve Bank of India (RBI) |
| Availability | 24×7×365 — including weekends & holidays |
| Settlement type | Individual (gross), real-time per transaction |
| Minimum amount | ₹2,00,000 (₹2 lakh) |
| Maximum amount | No RBI cap — suitable for very large transfers |
| Charges (online) | FREE — RBI mandate |
| Charges (branch) | ₹25–₹50 depending on bank & amount |
| Transfer time | ~30 minutes (real-time gross) |
| Best for | High-value transfers above ₹2 lakh |
When should you use RTGS?
- → Property purchases, large down payments
- → Business-to-business (B2B) payments
- → Transferring large sums between your own accounts
- → Investment transactions, bulk vendor payments
- ✗ Not suitable for transfers below ₹2 lakh — use NEFT or IMPS instead
What you need to initiate an RTGS transfer
- → Beneficiary's account number
- → Beneficiary bank's IFSC code (11 characters)
- → Beneficiary's name
- → Transfer amount (minimum ₹2,00,000)
RTGS vs NEFT vs IMPS vs UPI
FAQs
Can I do RTGS on weekends and bank holidays?
Yes. Since December 14, 2020, RTGS is available 24×7×365 including weekends and all bank holidays. You can initiate RTGS transfers through your bank's net banking or mobile banking app at any time.
Is RTGS faster than NEFT?
Both NEFT and RTGS typically credit funds within 30 minutes. RTGS settles each transaction individually in real time (gross settlement), while NEFT settles in batches every 30 minutes. In practice, the effective speed is similar for the end customer.
What is the difference between RTGS and wire transfer?
RTGS is India's domestic interbank settlement system operated by RBI. Wire transfer typically refers to international transfers using the SWIFT network. For international transfers, you would use SWIFT (which requires your bank's SWIFT/BIC code), not RTGS.