Does Real Time Gross Settlement (RTGS) have a transactional limit?
Answer (1)
4th Jan, 2023
There is no maximum transfer limit, and a minimum of Rs 2 lakhs can be sent via RTGS. Keep in mind that RTGS often caters to high-value, low-volume transactions. There are no fees associated with receiving funds, similar to NEFT. However, the costs for transmitting money are as follows:
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Transactions up to Rs 30 are allowed for amounts between Rs 2 and Rs 5 lakh.
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Transactions costing more than Rs 5 lakhs are limited to a maximum of Rs 55.
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