RTGS stands for Real Time Gross Settlement, this facility is used to transfer the fund from one account to another account through Internet Banking. When the beneficiary bank receives the messsage of fund transfer, the money is debited to the beneficiary account within 2 hours. The minimum amount for RTGS is Rs. 2 Lakhs and maximum amount is Rs. 5 Lakhs for Retail Banking. The other facility used to money transfer is NEFT ( National Electronic Fund Transfer). There is no minimum amount but maximum amount is Rs. 5 Lakhs for Retail Banking.
14th January 2013 From India, Calicut
31st January 2013 From India, Mumbai