RTGS Full Form: Real Time Gross Settlement – Complete Guide
BankingReal Time Gross Settlement
Real Time Gross Settlement (RTGS) is a funds transfer system where the transmission of money and securities takes place from one bank to another on a "real time" and "gross" basis. This system is primarily meant for large value transactions.
Timing
24x7 Availability
Minimum Amount
₹2 Lakh
Settlement
Instant
Key Features
- Real-time Settlement
- No Upper Limit
- Secure Transactions
- High Value Transfers
- Immediate Confirmation
- Inter-bank Transactions
Transaction Process
Step 1
Initiate Transfer
Step 2
Beneficiary Details
Step 3
Amount Entry
Step 4
Instant Processing
Step 5
Real-time Settlement
Related Terms
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Permanent Account Number
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NEFT
National Electronic Funds Transfer
A nation-wide payment system facilitating one-to-one funds transfer between bank accounts in India.
FD
Fixed Deposit
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