RTGS

Real Time Gross Settlement (RTGS) is a modern, robust, integrated payment and settlement system enabling banks to transfer funds on an immediate, final and irrevocable basis during business hours — the fastest interbank mechanism for large-value payments. The Bank transmits RTGS messages in ISO 20022 format per RBI guidelines.

Features

• Immediate, final and irrevocable fund transfer during business hours.
• Pan-India bank network coverage.
• Faster than traditional transfer methods for high-value payments.

Eligibility

• Customers maintaining an operative account (Savings, Current, or CC/OD).
• Not available to non-customers, cash-paying customers, or new customers within their first 7 days.
• Outward RTGS requests must be made from the customer’s home/base branch only.

How to Apply

• Provide the destination account number and IFSC code, and submit a request at your home branch counter.