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



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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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