By RTGS, how much minimum amount is transferred immediately.
Answers
Answer:The RTGS transfer limit is the same for all the nationalised and private banks in the country. The RTGS fund transfer is final and irrevocable because it takes place in the books of the Reserve Bank of India. These are high-value transactions and for this reason, the limit both the minimum and maximum limit starts from lakhs.
The minimum amount for RTGS transaction is Rs 2 lakhs. For online transactions, some banks do have a maximum limit of approximately Rs 25 lakhs; if the RTGS transaction is done through the bank branch, there is no upper RTGS limit in India.
RBI has made the RTGS transactions flexible. In case, customers want to make payments from the ease of their home or office and do not want the hassle to visit the bank branch, they can opt for online RTGS payments. In case the online RTGS transfer limit exceeds Rs 25 lakhs, they can visit the branch to make the payment. The online RTGS transactions can be carried both through net banking and mobile banking.
RTGS transactions take place on all working days in India. So, it is generally Monday to Saturday (expect for 2nd, 4th Saturdays and bank holidays.)
Explanation:
Answer:
Explanation:
Minimum amount of transfer required for RTGS is Rs. 2 lakh. There is no upper limit, though. The beneficiary bank has to credit the beneficiary's account within two hours of receiving the funds transfer message. RTGS transaction timings for Monday – Friday is 9 A.M to 4.30 P.M and for Saturday it is 9 A.M to 2 P.M