Real Time Gross Settlement (RTGS) is the continuous (real-time) settlement of funds individually on an order by order basis (without netting). 'Real Time' means that the processing of instructions is done immediately at the time they are received rather than at some later time. 'Gross Settlement' means the settlement of funds transfer instructions occurs individually (on an instruction by instruction basis). The funds settlement takes place in the books of the Reserve Bank of India and thus the payments are final and irrevocable.

Channels for Transacting

Mobile Banking (MB)

Retail Internet Banking (RIB)

Limits and Charges

Transaction Limit for IMPS
Daily Minimum Limit for Channel (MB & RIB) INR 2 Lakhs
Daily Maximum Limit for Channel (MB & RIB) INR 10 lakhs
Daily Minimum Limit for Branch INR 2 Lakhs
Daily Maximum Limit for Branch NA

RTGS Transaction Timings

Monday to Saturday: 7 a.m. to 5 p.m. (Except 2nd and 4th Saturdays and other holidays declared by RBI)