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Understand the minimum and maximum limits of RTGS, bank-specific daily caps, and how to choose the right fund transfer method.
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.
According to the RBI, the minimum amount required to initiate an RTGS transaction is ₹2 Lakhs. While the RBI has not imposed any maximum transaction limit, individual banks may establish their own upper limits for RTGS. This minimum threshold ensures that transactions are processed and settled by the RBI 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.
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.
Bank |
Minimum Limit |
Online Transaction Limit |
Branch Transaction Limit |
Corporate Internet Banking Limits |
|---|---|---|---|---|
HDFC Bank |
₹2 Lakhs |
Up to ₹50 Lakhs per day (based on TPT limit) |
No upper limit |
Not applicable |
Axis Bank |
₹2 Lakhs |
No specified upper limit (customer-specific) |
No upper limit |
Not applicable |
State Bank of India (Retail) |
₹2 Lakhs |
₹10 Lakhs per transaction (Retail Internet Banking) |
No upper limit |
Not applicable |
SBI Corporate (Saral) |
₹2 Lakhs |
₹10 Lakhs per transaction |
No upper limit |
Per Day: ₹10 Lakhs |
SBI Corporate (Vyapaar) |
₹2 Lakhs |
₹50 Lakhs per transaction |
No upper limit |
No upper limit |
SBI Corporate (Vistaar) |
₹2 Lakhs |
₹2,000 Crore per transaction |
No upper limit |
No upper limit |
In addition to RTGS, you can opt for IMPS or NEFT to transfer funds between accounts. However, NEFT timings, transaction limits, and fees differ from RTGS, as do the limits and charges for IMPS. Compare IMPS, NEFT, and RTGS to choose the option that best fits your needs.
The minimum amount of money you can transfer via RTGS is ₹2 Lakhs. The RTGS maximum limit, however, varies from bank to bank.
If the RTGS maximum limit set by your bank is ₹50 Lakhs, you can transfer ₹50 Lakhs 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.
The Reserve Bank of India (RBI) does not impose a maximum limit on RTGS transactions; however, individual banks may set their own per-day limits. For instance, HDFC Bank allows online RTGS transactions up to ₹50 Lakhs per day.
Yes, you can transfer ₹20 Lakhs through RTGS, subject to your bank's specific transaction limits. For example, ICICI Bank permits RTGS transactions up to ₹20 Lakhs via their iMobile Pay app.
Transferring ₹1 Crore through RTGS is possible, depending on your bank's policies. Some banks, like ICICI Bank, allow corporate customers to transfer up to ₹1 Crore per transaction via internet banking.
No, RTGS transactions require a minimum RTGS limit amount of ₹2 Lakhs. For amounts like ₹5,000, alternative methods such as NEFT or IMPS are recommended.
Yes, transferring ₹20 Lakhs in a day via RTGS is feasible, provided it falls within your bank's prescribed limits. For instance, HDFC Bank allows online RTGS transactions up to ₹50 Lakhs per day.
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