{"id":6440,"date":"2021-09-24T08:43:00","date_gmt":"2021-09-24T08:43:00","guid":{"rendered":"https:\/\/cettest.org\/?p=6440"},"modified":"2023-06-04T20:41:16","modified_gmt":"2023-06-04T20:41:16","slug":"rtgs-form-money-transfer-process-payment-timing-minimum-amount","status":"publish","type":"post","link":"https:\/\/cettest.org\/rtgs-form-money-transfer-process-payment-timing-minimum-amount\/","title":{"rendered":"Download RTGS form, money transfer process, payment timing, minimum amount"},"content":{"rendered":"\n
Check all details related to the RTGS Money transfer process in this article. Download RTGS forms for different Banks in India. Check what is the minimum amount that can be transferred and what is the payment transfer time.<\/p>\n\n\n\n
If you are looking for the above information then stay with us and read this article completely to get all the important information and also download forms for different banks from the links which are available in our article.<\/p>\n\n\n\n
Table of contents:<\/strong><\/p>\n\n\n RTGS stands for Real-Time Gross Settlement<\/strong>. It’s a real-time settlement of the fund on an individual basis and funds will be transferred immediately as soon as requested by someone. It’s a non-revertable process and all data are recorded by the RBI so it must be done carefully.<\/p>\n\n\n\n RTGS facility is offered by all RTGS enabled banks in India and there are a set of rules associated with this type of transaction which is described below. It is also possible that some branches don’t provide this facility so please confirm with your branch.<\/p>\n\n\n As RTGS is a real-time settlement process so beneficiary Bank must transfer the received money in the Beneficiary’s account within 30 minutes after receiving the RTGS request.<\/p>\n\n\n This type of transfer is applicable only for a high amount. As per the RBI regulations, a minimum of 2,00,000\/- Rs can be transferred through an RTGS transaction and there is no maximum limit for this transaction. However, Banks may put a limit on the maximum amount that can be transferred.<\/p>\n\n\n With effect from December 14 2020 RTGS facility is now available 24 hours and anyone can use this facility anytime as per their convenience. If you are planning to visit the Bank Branch for the RTGS offline process then please check the working hours because in the Bank branch it can be done only during working hours.<\/p>\n\n\n RBI does not charge any service fee for the RTGS transaction however different Banks may charge a service fee. RBI has set a maximum amount for the service fee that all Banks can charge to the customer and Banks can not charge more than that amount. Banks may lower the service charge if they want. The service charge is mentioned below. <\/p>\n\n\n\n Note: <\/strong>Transactions done online through net banking or mobile app are free of cost.<\/p>\n\n\n\n\n
What is RTGS?<\/h2>\n\n\n
Transfer time:<\/h3>\n\n\n
Minimum amount: <\/h3>\n\n\n
Payment timings: <\/h3>\n\n\n
RTGS charges:<\/h3>\n\n\n