There is no upper ceiling for RTGS transactions. The minimum amount to be remitted through RTGS is Rs.2 lakh.The RTGS system is primarily for large value transactions.Minimum / maximum amount stipulation for RTGS transaction:. "Gross settlement" means the transaction is settled on one to one basis without bunching with other transactions.The transactions are settled as soon as they are processed.Settlement in "real time" means payment transaction is not subjected to any waiting period.This is a fast money transfer system through the banking channel.RTGS system is a funds transfer mechanism where transfer of money takes place from one bank to another on a "real time" and on "gross" basis."RTGS" stands for Real Time Gross Settlement.IFSC Code help is under IFSC code section. There will no floor or cap value for customer transactions, which are sent to the RTGS System for settlement. 2, 00,000 and above within 1 Hour to any Bank / Account anywhere in India. RTGS / NEFT provide paperless money transfer from one account to another in a matter of minutes / hours. No need to use cheques or wait for clearing. RTGS (Real Time Gross Settlement) and NEFT (National Electronics Funds Transfer) are electronic payment platforms of Reserve Bank of India which provide online transaction between two banks. Online money transfer of any amount becomes easier, no need to visit any branch.
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