Real-time Gross Settlement

Real-time Gross Settlement (RTGS)

Real-time gross settlement systems (RTGS) is an electronic payment system in which payment instructions between banks are processed and settled individually and continuously on a "real time" and “gross settlement" basis. 'Gross Settlement' means the settlement of funds transfer instructions occurs individually (on an instruction by instruction basis). Considering that the funds settlement takes place in the books of the Reserve Bank of India, the payments are final and irrevocable.

The RTGS system is primarily meant for large value transactions. The minimum amount to be remitted through RTGS is 2 lakh. There are no charges for RTGS.

Under normal circumstances the beneficiary branches are expected to receive the funds in real time as soon as funds are transferred by the remitting bank. The beneficiary bank has to credit the beneficiary's account within 30 minutes of receiving the funds transfer message. The RTGS service window for online channels is available from 07.00 hours to 17:45 hours on week days and working Saturdays. However, the bank timings may vary depending on the customer visit time of the respective branches.

RTGS transactions can be initiated 24x7 through Retail Internet Banking and Corporate Internet Banking as per below.

Limit Timing
No Limit ( on working days) 7:00 am to 7:00 pm
No Limit ( on working days) through CMS online channel 9.30 PM
Post-banking hours up to INR 1 crore per transaction (on working days) through -CIB/ RIB Post 7 PM – till 7 AM
2nd and 4th Saturday, Sunday and Bank Holidays- Up to INR 1 crore through -CIB/ RIB7:00 am to 7:00 am

Note: There is no limit on transaction amount and timing for intrabank transactions


A easy access savings account which is 
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A easy access savings account which is
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