RTGS vs NEFT
- RTGS: ₹2 lakh minimum, settles instantly.
- NEFT: any amount, settles in half-hourly batches.
Guide
RTGS guide: minimum amount, timings and real-time settlement
Real Time Gross Settlement explained: ₹2 lakh minimum, 24x7 real-time transfers, charges and the details you need.
Quick summary✔ RBI dataLast synced · release v2.0.62
RTGS (Real Time Gross Settlement) transfers large amounts one by one, in real time. The minimum is ₹2,00,000, there is no RBI maximum, and it has been available 24x7 since 14 December 2020.
FAQ
Questions
Can RTGS be reversed?
No. RTGS is final once settled; if the account details are wrong the beneficiary bank returns the money.