RTGS Amount Limit

RTGS Limit

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What is RTGS Limit?

Real Time Gross Settlement or RTGS is a fund transfer service operated and managed by the Reserve Bank of India (RBI). It is popular owing to its method of settling transfer requests on a gross or instruction by instruction basis instead of the common batch-clearing format. As a result, it allows the quick and hassle-free transfer of funds from one bank account to another. However, before initiating a transaction, you must be aware of the RTGS transaction limit. which would determine the minimum and maximum amounts you can transfer using the service. Also, you must ensure that you transact within the RTGS daily limit.

What is the RTGS Minimum and Maximum Limit?

RTGS, as a payment system, is designed for high-value transactions and has a minimum and maximum limit.

RTGS Minimum Limit: This refers to the minimum amount of money you must transfer to be eligible for RTGS. The minimum RTGS amount limit is ₹2 lakh.

RTGS Maximum Limit: This refers to the RTGS transaction upper limit. Your transaction amount should be within this set limit. The upper limit prescribed for RTGS transactions varies from bank to bank.

There might also be a daily limit set by individual banks to which you need to adhere to.

RTGS Transfer Limits Set by Top Indian Banks

The RTGS minimum and maximum limits vary from bank to bank. Therefore, it is wise to check the offline and online RTGS limit with your bank before initiating a transaction.

1) HDFC Bank RTGS Transaction Limit

Minimum

₹2 lakh

RTGS online limit

As per your set Third-Party Funds Transfer limit (Maximum up to ₹50 lakh per day)

RTGS limit per day at branches

No upper limit of RTGS transaction

2) Axis Bank RTGS Limit

RTGS minimum limit

₹2 lakh

RTGS maximum limit between 7:00 AM to 6:00 PM

As per your set Third-Party Funds Transfer limit (Maximum up to ₹50 lakh per day)

RTGS maximum limit between 6:00 PM to 7:00 AM

No upper limit of RTGS transaction

3) State Bank of India RTGS Limit

Minimum and maximum Limit of RTGS for retail banking:

RTGS lower limit

₹2 lakh

RTGS upper limit

₹10 lakh

RTGS money transfer limit for corporate internet banking:

RTGS Minimum Limit

 

₹2 lakh

Maximum RTGS Limit per transaction

Saral

₹10 lakh

Vyapaar

₹50 lakh

Vistaar

₹2,000 crore

RTGS Maximum Limit per day

Saral

₹10 lakh

Vyapaar

No RTGS limit

Vistaar

No RTGS limit

4) Citibank RTGS Limit

8:00 AM to 7:00 PM

Monday to Friday and working Saturdays

Maximum RTGS limit online per day via Citibank Online

Citigold Private Client and Citigold customers: Up to ₹75 lakh

Others: Up to ₹25 lakh

8:00 AM to 7:00 PM

Monday to Friday and working Saturdays

RTGS transfer limit per day via Citi mobile banking

Citigold Private Client and Citigold customers: Up to ₹25 lakh

Others: Up to ₹15 lakh

7:00 PM to 8:00 AM on the next working day

 

Combined limit for NEFT and RTGS

₹3 lakh

Sundays and Bank Holidays

Combined limit for NEFT and RTGS

₹3 lakh

Apart from RTGS, you can also use IMPS or NEFT to transfer money from one account to another. The NEFT timings, NEFT transfer limit, and NEFT fees and charges will, however, be different from that of RTGS, and so will be the IMPS transfer limit and IMPS fees and charges. You can check out the difference between IMPS vs NEFT vs RTGS and select the mode that suits you best!

Frequently Asked Questions

  • ✔️What is the basic RTGS limit?

    The minimum amount of money you can transfer via RTGS is ₹2 lakh. The RTGS maximum limit, however, varies from bank to bank.

  • ✔️Can I transfer ₹50 lakh via RTGS?

    If the RTGS maximum limit set by your bank is ₹50 lakh, you can transfer ₹50 lakh from your account to another account via RTGS. Therefore, it is wise to check the RTGS upper limit and the RTGS limit per day prescribed by your bank before initiating a transaction.

  • ✔️Is RTGS transfer immediate?

    Yes, RTGS transactions are processed immediately and on a gross basis. As a result, the money sent is credited to the beneficiary's account in real-time.