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RTGS (Real Time Gross Settlement) is a fast and secure way to transfer large sums of money instantly. The best part is that RTGS timings are 24x7, 365 days a year, including weekends and national holidays. This means you can send money at any time, regardless of the bank's working hours.
There are no restrictions on RTGS transaction time, so you can transfer funds whenever needed. The minimum amount you can send using RTGS is ₹2 Lakhs, while the maximum limit depends on the bank you are using. This makes RTGS a reliable option for quick, high-value transfers without any time barriers.
RTGS (Real Time Gross Settlement) transactions are processed instantly, usually within a few minutes. Since these transfers happen in real time, there is minimal delay in crediting the beneficiary's account. To ensure speed and efficiency, the Reserve Bank of India (RBI) has made it mandatory for banks to process RTGS transfers within 30 minutes of receiving a request.
Once the transfer is initiated, the sender receives a confirmation SMS stating that the amount has been debited and will be credited to the recipient's account shortly. This quick RTGS settlement time makes RTGS a preferred option for urgent, large-value transactions.
Here is a comprehensive table of RTGS timings for major banks in India. This table highlights the timing, cut-offs, and key details for each bank's RTGS service.
Bank Name |
RTGS Availability |
|---|---|
HDFC Bank |
Available 24x7, except from 11:30 PM to 12:30 AM due to system cut-off |
Axis Bank |
Available from 7:00 AM to 7:00 PM on working days; up to ₹1 Crore per transaction during non-working hours |
ICICI Bank |
Available 24x7 without any restrictions |
Kotak Mahindra Bank |
Available 24x7, except from 11:30 PM to 12:30 AM due to system cut-off |
Bank of Baroda |
Available from 8:00 AM to 4:30 PM on weekdays; 10:00 AM to 4:00 PM on Saturdays |
State Bank of India (SBI) |
Available 24x7, except from 11:50 PM to 12:30 AM due to system cut-off |
RBL Bank |
Available from 7:00 AM to 18:44 PM on working days |
IndusInd Bank |
Available 24x7 without any restrictions |
Punjab National Bank (PNB) |
Available 24x7 without any restrictions |
Disclaimer: RTGS timings may vary by bank and are subject to change. Check with your bank for the latest details.
RTGS is a fast way to transfer large sums of money. However, small mistakes or delays can slow down the process. Follow these simple steps to reduce RTGS transaction time and ensure fast processing:
Make sure both your bank and the recipient’s bank support RTGS
Check your bank’s cut-off time to avoid delays in processing
Ensure your net banking account is active and ready for online transfers
Verify the beneficiary's account number, IFSC code, and name
Make sure your bank account has enough funds to complete the transfer
Ensure a strong internet connection to avoid disruptions
Process transfers during off-peak hours to avoid banking traffic delays
Use mobile app alerts or SMS notifications to monitor the status of your transfer
RTGS is a fast, secure way to transfer large sums of money. To avoid errors, delays, or failed transactions, keep these key points in mind:
The minimum amount you can transfer using RTGS is ₹2 Lakhs
No Maximum Limit: There is no fixed upper limit, but some banks may set their own cap
RTGS is available 24x7, 365 days a year, including weekends and holidays
Enter the beneficiary's account number, name, and IFSC code correctly to avoid failed transfers
While RTGS runs 24x7, some banks may have cut-off times for same-day processing
Make sure your online banking account is active and has no login issues
Ensure your account has enough funds for the transfer. Insufficient funds will cause the transaction to fail
Monitor your transfer via SMS, email, or mobile app notifications
Some banks charge fees for RTGS transfers, so check with your bank for the exact amount
RTGS transfers cannot be reversed once processed, so double-check details before submitting
Even though RTGS transfer time to other banks is usually quick, delays can happen due to errors, frozen accounts, or technical issues. If this occurs, follow these steps to resolve the issue.
Errors in the beneficiary’s account number, name, or IFSC code can cause delays or failed transactions
If the recipient’s account is frozen or inactive, the transaction may be declined
Network issues or system errors at the bank's end can also result in delays
If an RTGS transfer fails, the amount is typically returned to your account. The refund is completed within one hour or before the RTGS settlement time ends for the day. A notification is sent to inform you once the refund is successful.
If the refund is not received within the RTGS transfer time, follow these steps:
Reach out to your bank’s customer service and inform them about the failed transaction. Provide details like the transaction ID, date, and amount
If the issue is not resolved by your bank, you can escalate it to the Reserve Bank of India (RBI)
There are two ways to contact the RBI for assistance:
1.Send a Letter
Write a formal complaint and send it to the following address:
The Appellate Authority
Reserve Bank of India,
Consumer Education and Protection Department
First Floor, Amar Building,
Fort, Mumbai – 400 001,
2.Send an Email
Write an email explaining your issue and send it to crpc@rbi.org.in
Include details like the transaction ID, date, bank name, and a description of the problem.
If RTGS does not meet your needs, you can also use other payment methods like NEFT and IMPS. Each method has its own limits, fees, and processing times. Here’s a quick comparison:
NEFT (National Electronic Funds Transfer) is suitable for smaller amounts with no minimum transfer limit
IMPS (Immediate Payment Service) is ideal for instant transfers 24x7, including holidays
Both options can be useful if RTGS transfer time to other banks is delayed or if you want more flexibility with transfer amounts.
Yes, RTGS timings are 24x7, 365 days a year, including weekends and holidays.
Yes, RTGS is available 24x7, even at night, but some banks have a system cut-off between 11:30 PM and 12:30 AM.
The customer transaction timings for RTGS are 24x7. While RTGS is always available, some banks may have specific cut-off times for internal processing.
Yes, RTGS is designed for large transactions and processes them in real time. Once a transfer request is initiated, it is usually credited to the beneficiary's account within 30 minutes. Check your bank’s RTGS transfer limit before making large transactions.
RTGS processes payments in real time, while NEFT processes payments in batches. RTGS is used for large-value transfers (above ₹2 Lakhs) and is faster than NEFT. NEFT is suitable for smaller payments and operates on a batch system.
Yes, if the RTGS transaction fails, the money is refunded to the remitter’s account. The refund is processed within one hour or before the RTGS closing time, whichever is earlier.
RTGS transfer time is typically within 30 minutes of initiating the request.
No, not all bank branches provide RTGS services. Only branches that are RTGS-enabled can process these transactions. You can check with your bank to confirm if your branch supports RTGS.
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