This is a system where the processing of funds transfer instructions takes place at the time they are received (real time). Also the settlement of funds transfer instructions occurs individually on an instruction by instruction basis (gross settlement). RTGS is the fastest possible interbank money transfer facility available through secure banking channels in India.
This system of fund transfer operates on a Deferred Net Settlement basis. Fund transfer transactions are settled in batches as compared to the continuous, individual settlement in RTGS.
|S.No.||Details of Service||Time||Transaction Amount||Charges:|
|Above Rs. 2 lacs
Rs. 5 Lacs
|Above Rs. 5 Lacs|
|Up to Rs. 1 Lacs|
|Above Rs. 1.00 Lacs to Rs. 2.00 Lacs|