IndusInd Bank RTGS Charges: Fees and Transfer Details
IndusInd Bank RTGS Charges: Fees and Transfer Details
IndusInd Bank does not charge for RTGS transfers made through net banking or the IndusMobile app. Branch-initiated RTGS transactions carry a fee based on the amount transferred.
What Is RTGS?
RTGS (Real Time Gross Settlement) is used for high-value transfers, with a minimum transaction amount of Rs. 2 lakh. Unlike NEFT, RTGS settles funds in real time, meaning the recipient’s account is credited almost immediately.
RTGS Charges at IndusInd Bank
Online (Net Banking and IndusMobile App)
Zero charges for RTGS initiated online. The RBI mandated this waiver to encourage digital transactions.
Branch RTGS Charges
| Transaction Amount | Fee (Plus GST) |
|---|---|
| Rs. 2 lakh to Rs. 5 lakh | Rs. 20 |
| Above Rs. 5 lakh | Rs. 40 |
GST at 18% is applicable over the base charges.
RTGS Transfer Limits
- Minimum: Rs. 2,00,000
- Maximum: No cap set by RBI; IndusInd Bank may apply internal per-day limits by account type.
- Check your limit in the IndusMobile app under Transfer Settings.
RTGS Timing
RTGS operates from 7:00 AM to 6:00 PM on all working days, including Saturdays (except second and fourth Saturdays and public holidays). Transfers initiated outside these hours are processed the next working day.
How to Initiate RTGS Online
- Log in to net banking or the IndusMobile app.
- Navigate to Fund Transfer and select RTGS.
- Add the beneficiary’s account number and IFSC code.
- Enter an amount of Rs. 2 lakh or more.
- Confirm with OTP to complete the transfer.
FAQ
What is the minimum amount for RTGS at IndusInd Bank?
The minimum RTGS transfer amount is Rs. 2,00,000 (Rs. 2 lakh). For amounts below this, you should use NEFT or IMPS instead.
Is RTGS available on weekends at IndusInd Bank?
RTGS is available on Saturdays that are working days (first, third, and fifth Saturdays). It is not available on second and fourth Saturdays, Sundays, and bank holidays.
How quickly is the recipient’s account credited via RTGS?
RTGS settles in real time. The recipient’s account is usually credited within a few minutes of the transaction being processed.
Key Takeaways
- Online RTGS via net banking or IndusMobile app is free.
- Branch RTGS charges are Rs. 20 or Rs. 40 plus GST depending on amount.
- Minimum amount is Rs. 2 lakh; settlement is real time.
- RTGS hours are 7:00 AM to 6:00 PM on working days.
- For help, call 1860-500-5004.
