3 important things to know about RTGS fund transfer facility1 min read 30 Mar 2021, 02:34 PM IST
RTGS is a safe and secure system for funds transfer and has no amount cap
The facility is available on all days on 24x7
RTGS or Real-Time Gross Settlement is a money transfer facility where there is a continuous and real-time settlement of fund-transfers, individually on a transaction-by-transaction basis (without netting). Real time, in this case, means processing of instructions at the time they are received, while gross settlement means the settlement of funds transfer instructions occurs individually.