Is There Any Charges For RTGS Fund Transfer?

Real Time Gross Settlement is referred to as RTGS. You can start high-value transactions worth more than INR 2 lakhs in a matter of minutes with this real-time money transfer payment mechanism. The answer to your query are there any RTGS transfer charges is yes, the Reserve Bank of India (RBI) does not charge a processing fee for online RTGS transactions, although there are fees associated with RTGS fund transfers.

What is RTGS Transfer Charge?

High-value fund transfers are handled by RTGS, which processes each transaction separately and in real-time rather than in batches like NEFT. The RTGS fund transfer charges vary depending on whether the transfer is made online or in-person. To guarantee affordability and transparency, the Reserve Bank of India (RBI) regulates the fees.

• Minimum Transaction Amount: ₹2 lakh.

• Maximum Limit: No upper limit (subject to bank-specific policies for online transfers).

• Timing: Available 24x7, including weekends and bank holidays, for online modes.

• No charges: RTGS transactions conducted via online channels (e.g., net banking, mobile banking apps) are free of cost.

• Banks may levy the following charges for RTGS transactions at a branch:

• ₹2,00,000 to ₹5,00,000: Up to ₹24.50 + GST.

• Above ₹5,00,000: Up to ₹49.50 + GST.

RTGS is free for certain government payments and priority schemes. I hope this answers your query, is there any charges for RTGS fund transfer.

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I hope you know everything about RTGS (Real-time Gross Settlement). This facility allows you to transfer money from one bank account to another instantly within 30 minutes safely. We had done this a number of times and trust me it is very easy to transfer money using RTGS. But I did not know much about the RTGS transfer charges until today when my brother asked about it to my father. If you too are searching for the answer, know it here.

Is there any charges for RTGS fund transfer online?

We have always done it online and no charges are levied for RTGS transactions done online.

Is there any charge for RTGS fund transfer offline?

My brother did RTGS offline and for it he had to pay Rs 15 plus GST but it is better if you ask about this to the bank officials to know about the exact amount.

I hope now you know about the RTGS fund transfer charges.

I always had this question that RTGS cannot be tracked so is it safe to opt for it? Now the thing is I have never heard of a RTGS transaction failing. It is true that there is no tracking method available to know whether it is successful or not or how long it is to take but RTGS takes less than even 30 minutes and is a safe and secure system for funds transfer. The best part is it can be done online anytime you want as it is available on all days 24*7*365.

I hope this information is enough to help you know about the RTGS transfer charges