RTGS Limit

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?

As per the RBI, the minimum RTGS limit to initiate a transaction is ₹2 Lakhs. There is no maximum RTGS limit or cap set by RBI, but banks can set their own RTGS limit. With this fixed minimum RTGS limit, the RBI clears transactions within banking hours on the same day. 

RTGS or Real Time Gross Settlement allows instant transfer of funds, and this payment mode is generally reserved for high-value transactions. RTGS is ideally suited for those handling huge amounts of money on a daily basis. If you need to make an immediate remittance, knowing the RTGS limit can help you save time. 

For transactions below the RTGS limit of ₹2 Lakhs, you can either opt for IMPS or NEFT. Do note that you are allowed to initiate a transaction only within the RTGS limit of the specific bank you have an account with.

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

2) Axis Bank RTGS Limit

3) State Bank of India RTGS Limit

Minimum and maximum Limit of RTGS for retail banking:

RTGS money transfer limit for corporate internet banking:

4) Citibank RTGS Limit

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!