RTGS Full Form, Amount, Charges, Timing, Download PDF

 

RTGS Full Form, Amount, Charges, Timing, Download PDF :
#	RTGS	Description
1	RTGS Full form  RTGS Abbreviation RTGS Long form  RTGS Stands for RTGS meaning	Real Time Gross Settlement
2	RTGS full form in Hindi What is RTGS in Hindi RTGS meaning in Hindi	रीयल टाइम ग्रॉस सेटलमेंट
3	Minimum & Maximum Amount for RTGS   RTGS limit	Minimum - Rs 2 Lakhs  Maximum - Rs 10 Lakhs
4	SBI RTGS Charges 2021 (For Intrabank RTGS & Interbank RTGS Both) RTGS charges RTGS rate SBI Latest RTGS NEFT charges Latest SBI RTGS charges SBI RTGS charges	9 AM to 12 PM- Rs 25(For Rs 2- 5 Lakhs) ; Rs 51(Above Rs 5 Lakhs)   12 PM to 3:30 PM - Rs 26(For Rs 2- 5 Lakhs) ; Rs 52(Above Rs 5 Lakhs)  3:30 PM to 4:30 PM Rs 31(For Rs 2- 5 Lakhs) ; Rs 56(Above Rs 5 Lakhs)
5	RTGS Timings 2021	RTGS is now available 24×7, 365 days
6	Kotak RTGS form pdf official	Download Official Kotak RTGS form pdf
7	HDFC Bank RTGS form official H rtgs form	Download Official HDFC Bank RTGS form
8	AXIS Bank RTGS form	Download AXIS Bank RTGS form
9	ICICI Bank RTGS form	Download ICICI Bank RTGS form
10	Bank of Maharashtra RTGS form official	Download Official Bank of Maharashtra RTGS form
11	Bank of Baroda RTGS form official pdf	Download Official Bank of Baroda RTGS form pdf
12	UCO Bank RTGS form official pdf UCO RTGS form	Download Official UCO Bank RTGS form pdf
13	Bank of India RTGS form official pdf Bank of India RTGS form fill up Bank of India RTGS NEFT form download Bank of India RTGS	Download Official Bank of India RTGS form pdf
14	SBI RTGS form pdf 2021 State Bank of India RTGS NEFT form download pdf	Official website SBI RTGS form pdf 2021

RTGS Full Form, Amount, Charges, Timing, Download PDF

RTGS Benefits

The RTGS system is meant for high-value transactions, on a real-time basis; the minimum amount that can be remitted through RTGS is Rs. 2 lakhs to Rs. 10 lakhs.

RTGS, which is meant for high-value instant fund transfers, is currently available on all working days of the week.

Difference between NEFT and RTGS

Difference between NEFT and RTGS:
#	RTGS	NEFT
1	RTGS is based on gross settlement Gross Settlement Meaning: Gross settlement is where a transaction is completed on a one-to-one basis without bunching with other transactions	NEFT is based on net-settlement. Net-settlement meaning: Net-settlement means that the transactions are completed in batches at specific times.
2	RTGS transactions are processed throughout the working hours of the system.	In NEFT, all transfers will be held up until a specific time.
3	RTGS transactions involve large amounts of cash, basically only funds above Rs 200,000 may be transferred using RTGS system.	For NEFT, any amount below Rs 200,000 may be transferred, and NEFT system is generally for smaller value transactions involving smaller amounts of money.
4	RTGS processes in real-time (‘push’ transfer).	NEFT processes in cycles during the given working day. This causes a NEFT transaction that is initiated later than the last cycle to be completed the next day.
5	If you want to transfer large sums of money real time RTGS is better option.(Usually RTGS costs more than NEFT Transactions)	If you want to transfer small amounts where there is not much urgency NEFT is a Better Option (Usually NEFT costs less than RTGS Transactions)

NEFT vs RTGS Comparison 

NEFT vs RTGS Comparison:
RTGS vs NEFT	NEFT	RTGS
Settlement	Done in batches (Slower)	Real time (Faster)
Full Form	National Electronic Fund Transfer	Real Time Gross Settlement
Timings on Mon – Fri	8:00 am – 6:30 pm	9:00 am – 4:30 pm
Timings on Saturday	8:00 am – 12:30 pm	9:00 am – 1:30 pm
Minimum amount of money transfer limit	No Minimum	2 lacs
Maximum amount of money transfer limit	No Limit	No Limit
When does the Credit Happen in beneficiary account	Happens in the hourly batch Between Banks	Real time between Banks
Maximum Charges as per RBI	Upto 10,000 – Rs. 2.5 from 10,001 – 1 lac – Rs. 5 from 1 – 2 lacs – Rs. 15 Above 2 lacs – Rs. 25	Rs. 25-30 (Upto 2 – 5 lacs) Rs. 50-55 (Above 5 lacs) (Lower charges for first half of day)
Suitable for	Small Money Transfer	Large Money Transfer

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