RTGS – Real Time Gross Settlement

RTGS is used for high-value transactions and is processed in real-time.

• Minimum Transfer Amount: ₹2,00,000/-
• Maximum Limit: As per customer’s transaction limit
• Timings: As per RBI guidelines (Usually available during working hours on all working days)
• Settlement: Real-time, immediate transfer
• Purpose: Ideal for urgent, high-value transfers

NEFT – National Electronic Funds Transfer

NEFT is a nationwide payment system facilitating one-to-one fund transfers.

• Minimum Transfer Amount: No minimum limit
• Maximum Limit: As per customer’s transaction limit
• Timings: working hours on all working days)
• Settlement: Batch-wise (settled in half-hour intervals)
• Purpose: Suitable for general fund transfers

Required Details for RTGS/NEFT Transfer:

To initiate an RTGS or NEFT transfer, the following details are required:

• Beneficiary Name
• Beneficiary Account Number
• Bank Name
• Branch Name
• IFSC Code
• Amount to be transferred
• Purpose of Transfer (optional)

Security Tips:

• Never share your account number, OTP, PIN, or passwords with anyone.
• Always verify beneficiary details before initiating any transaction.