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