Planning a high-value fund transfer? RTGS is your go-to method—fast, secure, and perfect for big transactions. Here’s everything you need to know for 2025.
1. What Is RTGS?
RTGS stands for Real-Time Gross Settlement. It’s an electronic payment system enabling instant transfer of funds, processed individually (“gross”) and settled immediately upon initiation (“real-time”).
- Minimum transfer limit: ₹2 lakh
- Maximum limit: No ceiling
- Operates in real-time, without batching like NEFT
2. Why Use RTGS?
RTGS is ideal for transferring large amounts where quick settlement matters:
- Immediate fund availability: Typically credited within 30 minutes
- Secure and irrevocable: Once sent, it’s final and cannot be reversed
- No cap on the amount: Send as much as needed in one go
- 24/7 availability: Works any time—weekends and holidays included
3. Charges for RTGS (2025)
RBI has capped bank charges for RTGS, and online banking is now free—still, branch transactions incur fees based on slab:
- Online (net/mobile banking): ₹0 processing fee
- Branch-based charges:
- ₹2–5 lakh: ₹24.50 + GST
- Above ₹5 lakh: ₹49.50 + GST
Inward RTGS is always free for recipients
4. RTGS Timings
RTGS is live 24×7×365, but branch cut-off times may vary:
- Online: Anytime
- Branch-based: Typically within banking hours—roughly 7 AM to 6 PM on weekdays, and upto early afternoon on Saturdays
5. Step-by-Step RTGS Guide
A. Required Details:
- Sender’s account number
- Beneficiary name, bank, branch, account number, IFSC code
B. Online Process (via Net/Mobile Banking):
- Login and select RTGS under “Funds Transfer”
- Add beneficiary (if not already) with IFSC
- Enter amount (≥ ₹2 lakh)
- Authorize with OTP/TPIN
- Submit and note the UTR/reference number
- Funds land instantly, confirmation via SMS/email
C. Offline Process (Branch Visit):
- Fill RTGS form with all details and amount
- Submit along with your cheque or debit card
- Bank processes, charges fee as per slab
- You receive UTR and beneficiary gets credited quickly
6. RTGS vs NEFT vs IMPS
| Feature | RTGS | NEFT | IMPS |
|---|---|---|---|
| Min Amount | ₹2 lakh | No minimum | ₹1 |
| Max Amount | Unlimited | ₹10 lakh online (higher offline) | ₹5 lakh per txn (varies) |
| Settlement | Real-time, instant | Batch (now 24×7) | Real-time |
| Availability | 24×7×365 | 24×7×365 | 24×7×365 |
| Charges | Free online, ₹24–50+GST @ branch | Free online, ₹0–₹25+GST offline | Usually free |
7. Smart Tips for RTGS
- Always double-check the IFSC code and beneficiary details
- Prefer online transfers to avoid branch fees
- Keep an eye on the UTR number—it helps track your transfer
- For urgent transfers of any amount, IMPS/UPI can be a quick alternative
- Note that from April 1, 2025, banks must display beneficiary names before processing RTGS/NEFT
8. Frequently Asked Questions
Q: What’s the minimum for RTGS?
A: ₹2 lakh minimum—there’s no upper limit
Q: Is RTGS instant?
A: Yes—credit usually completes within 30 minutes
Q: Any fee for online RTGS?
A: No—online RTGS via internet/mobile banking is free
Q: Can bank charge more?
A: No—banks can charge up to RBI caps (₹24.50/₹49.50 + GST), but not more
Q: What if I enter wrong IFSC?
A: The transfer may fail or go to the wrong branch—make sure to verify carefully
