You can transfer a minimum of ₹ 2 Lakh through Real Time Gross Settlement (RTGS), with the maximum amount typically ranging from ₹ 10 Lakh to ₹ 1 Crore, depending on your specific bank and customer segment. While the Reserve Bank of India (RBI) does not impose an upper limit for RTGS transactions, individual banks often set their own maximums.
RTGS is a robust electronic funds transfer system designed for high-value transactions that require immediate or near-immediate settlement. Unlike other payment methods, transactions through RTGS are processed individually, ensuring swift and secure movement of funds directly from one bank to another.
Understanding RTGS Transaction Limits
The limits for RTGS transactions are structured to accommodate large-value transfers while also allowing banks the flexibility to manage risks and cater to different customer needs.
- Minimum Limit: The minimum amount that can be transferred through RTGS is ₹ 2 Lakh. This threshold ensures that RTGS is primarily used for substantial financial movements, distinguishing it from systems designed for smaller value transactions.
- Maximum Limit: While the central bank does not prescribe a maximum ceiling for RTGS transactions, commercial banks often establish their own upper limits. These maximums can vary significantly based on:
- Customer Segment: Different customer categories (e.g., individual retail customers, high net-worth individuals, corporate clients) may have varying transaction limits.
- Account Type: Savings accounts, current accounts, or specific business accounts might have different maximum transfer capabilities.
- Bank Policies: Each bank sets its internal policies regarding transaction maximums to manage operational risks and security. Based on these, a maximum transfer amount could be ₹ 10 Lakh or ₹ 1 Crore, or even higher for specific corporate or institutional clients.
Here's a summary of the typical RTGS transaction limits:
| Transaction Type | Minimum Amount | Maximum Amount |
|---|---|---|
| RTGS | ₹ 2 Lakh | ₹ 10 Lakh or ₹ 1 Crore (based on customer segment) |
Why RTGS is Used for Large Transfers
RTGS is particularly favored for large-value transactions due to its key features:
- Real-Time Settlement: Funds are transferred and credited to the beneficiary's account in real-time or very close to real-time.
- Gross Settlement: Each transaction is settled individually, without netting with other transactions, which reduces settlement risk.
- Security: Being a bank-to-bank transfer system, RTGS transactions are highly secure and reliable.
For more detailed information on RTGS, including its operational aspects and other guidelines, you can refer to the official resources provided by the Reserve Bank of India.
