A continuous, real-time payment system operated by RBI for large-value interbank transfers with a minimum transaction amount of ₹2,00,000, available 24/7.
RTGS is India's premier large-value payment system operated by the Reserve Bank of India. Each transaction is settled individually in real-time (not batched like NEFT was historically). It's designed for high-value transfers — the minimum amount is ₹2 lakh with no maximum limit. RTGS became available 24/7/365 from December 2020. Settlement is final and irrevocable — once processed, it cannot be reversed. Banks charge nominal fees for RTGS transactions: typically ₹25-50 for amounts above ₹5 lakh.
A company transfers ₹15,00,000 to a supplier via RTGS at 3 PM. The amount reaches the supplier's bank account within seconds, confirmed by UTR (Unique Transaction Reference) number. The transfer is irrevocable once processed.
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₹2,00,000 (₹2 lakh). For amounts below this, use NEFT, IMPS, or UPI. There is no maximum limit for RTGS, making it the preferred method for very large transactions.
Yes. Since December 14, 2020, RTGS operates 24/7/365, including Sundays and bank holidays. This was a major reform by RBI to enable round-the-clock large-value payments.
An electronic fund transfer system in India that enables bank-to-bank transfers in batches, available 24/7 with near-instant settlement.
An instant interbank electronic fund transfer service in India available 24/7, enabling real-time money transfers up to ₹5 lakh through mobile, internet banking, or ATMs.
An instant real-time payment system developed by NPCI that enables peer-to-peer and merchant payments through a single mobile interface across all Indian banks.
The process of comparing and matching a company's accounting records with its bank statement to identify and resolve any differences.
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