What is Real Time Gross Settlement (RTGS) ?
It is a continuous (real-time) settlement of funds transfers
individually on an order by order basis. While the funds under NEFT are
transferred in batches, funds under RTGS are settled without netting. 'Real
Time'means the processing of instructions at the time they are received rather
than at some later time; 'Gross Settlement' means the settlement of funds
transfer instructions occurs individually (on an instruction by instruction
The minimum amount to be remitted through RTGS is Rs. 2
lakh. There is no upper ceiling for RTGS transactions.