RTGS & NEFT Service

RTGS Timing 9:00 AM – 4:30 PM (Mon–Sat)
NEFT Timing 24×7×365 (RBI Mandate)
RTGS Minimum ₹ 2,00,000 & above
NEFT Minimum No minimum limit
RBI Helpline 14440 (RBI)

RBI Regulated All fund transfers comply with Reserve Bank of India guidelines & Payment & Settlement Systems Act, 2007.

Real-Time

RTGS Settlement

24 × 7

NEFT Availability

RBI

Regulated & Secure

Unlimited

RTGS Upper Limit

What is RTGS?

Real Time Gross Settlement (RTGS) is the fastest possible electronic funds transfer mechanism in India, managed by the Reserve Bank of India. Transactions are settled individually and in real time — that is, without any waiting period or batching. The moment a transfer is processed, it is immediately and irrevocably settled in the books of the RBI.

RTGS is primarily designed for large-value transactions. Since settlement occurs in RBI books, the payment is considered final and irrevocable, completely eliminating settlement risk.

Minimum Amount ₹ 2,00,000 No upper ceiling

Settlement Real Time Instantly in RBI books

Operating Days Mon – Sat Except RBI holidays

RTGS Window 9:00 – 16:30 Inward till 17:00

Risk Profile Zero Risk Final & irrevocable

Regulator Reserve Bank Of India (RBI)

RTGS Service Charges (RBI Mandate — Free for Customers)

Transaction Slab	Charge	GST Applicable	Remarks
₹ 2,00,001 to ₹ 5,00,000	FREE	NIL	RBI mandate w.e.f. 01-Jul-2019
Above ₹ 5,00,000	FREE	NIL	RBI mandate w.e.f. 01-Jul-2019

As per RBI circular DPSS.CO.OD No.629/06.24.001/2019-20 dated 11-Oct-2019, RTGS & NEFT charges have been waived for all customers w.e.f. 01-Jul-2019. Banks may, however, levy processing charges as per their Board-approved policy.

What is NEFT?

National Electronic Funds Transfer (NEFT) is a nationwide payment system that facilitates one-to-one fund transfers between bank accounts. It operates on a Deferred Net Settlement (DNS) basis, settling transactions in half-hourly batches. The system is available 24×7×365 — including Sundays and bank holidays — as per RBI's mandate effective December 2019.

Unlike RTGS, NEFT has no minimum transfer amount, making it ideal for transferring any value — from a few rupees to large sums — securely between more than 1,50,000+ bank branches across India.

Minimum Amount No Minimum Any amount can be sent

Settlement Batch / DNS Half-hourly batches

Availability 24 × 7 × 365 Including holidays

Coverage 1.5L+ Branches Pan-India coverage

Security RBI PKI End-to-end encrypted

Confirmation SMS & Email Both remitter & beneficiary

NEFT Service Charges (RBI Mandate — Free for Customers)

Transaction Slab	Charge	GST Applicable	Remarks
Up to ₹ 10,000	FREE	NIL	RBI mandate w.e.f. 01-Jul-2019
₹ 10,001 to ₹ 1,00,000	FREE	NIL	RBI mandate w.e.f. 01-Jul-2019
₹ 1,00,001 to ₹ 2,00,000	FREE	NIL	RBI mandate w.e.f. 01-Jul-2019
Above ₹ 2,00,000	FREE	NIL	RBI mandate w.e.f. 01-Jul-2019

RBI has mandated that banks shall not levy charges on NEFT transactions initiated by savings account holders. Charges, if any, may apply to current / cash credit accounts as per the Bank's Board-approved schedule. GST as applicable.

NEFT vs RTGS — Quick Comparison

Parameter	NEFT	RTGS
Minimum Amount	No Minimum	₹ 2,00,000
Maximum Amount	No Ceiling	No Ceiling
Settlement Type	Deferred (Batch)	Real Time (Gross)
Settlement Speed	Within 2 hours	Instantaneous
Operating Hours	24 × 7 × 365	9:00 – 16:30
Best For	Small & medium transfers	Large value transfers
Charges	FREE	FREE

RBI Mandated — Zero Charges on RTGS & NEFT

As per RBI circular DPSS.CO.OD No.629/06.24.001/2019-20, the Reserve Bank of India has mandated that banks shall not levy service charges on RTGS & NEFT transactions initiated by customers. This is applicable to all Scheduled Commercial Banks, Regional Rural Banks, Urban Co-operative Banks and other participating institutions.

RTGS — Applicable Charges

Transaction Value	Charge to Customer	GST	Effective From
₹ 2,00,001 to ₹ 5,00,000	FREE	NIL	01-Jul-2019
Above ₹ 5,00,000	FREE	NIL	01-Jul-2019

NEFT — Applicable Charges

Transaction Value	Charge to Customer	GST	Effective From
Up to ₹ 10,000	FREE	NIL	01-Jul-2019
₹ 10,001 – ₹ 1,00,000	FREE	NIL	01-Jul-2019
₹ 1,00,001 – ₹ 2,00,000	FREE	NIL	01-Jul-2019
Above ₹ 2,00,000	FREE	NIL	01-Jul-2019

Note: The above charges are as mandated by RBI. The Bank's Board may revise charges for Corporate / Current / Cash Credit accounts. Any revision will be displayed on the Bank's notice board, website, and communicated to customers as per RBI's guidelines. GST will be levied as applicable on any chargeable transaction.

Information Required

1 Beneficiary Account Number
2 Beneficiary Bank Name & Branch
3 IFSC Code of Beneficiary Bank
4 Name of Beneficiary Account Holder
5 Amount to be Transferred
6 Purpose / Remarks (optional)

Branch Transfer Process

1 Visit our branch during working hours
2 Collect & fill RTGS / NEFT application form
3 Submit form with required beneficiary details
4 Authorize with cheque or account debit slip
5 Collect UTR / transaction reference number
6 Receive SMS confirmation on registered mobile

Find IFSC Code

You can find the IFSC code of any bank branch in India on the RBI website or our dedicated MICR & IFSC page. Our Bank's IFSC Code is printed on your cheque book.

Find IFSC Code

Key Features & Benefits of RTGS & NEFT

Feature data is temporarily unavailable. Please contact the branch for more information.

Important Notice — Fraud Prevention

Never share your account number, OTP, or PIN with anyone, including bank staff. The Bank will never call to ask for your confidential details. If you suspect fraud, immediately contact the branch or report to RBI Helpline 14440 or the National Cyber Crime Portal at cybercrime.gov.in.

Contact Branch View All Service Charges IFSC / MICR Lookup

RTGS & NEFT Service

RTGS & NEFT Fund Transfer

What is RTGS?

What is NEFT?

RBI Mandated — Zero Charges on RTGS & NEFT

Find IFSC Code

Important Notice — Fraud Prevention

Looking for Support for Your Business or Financial Goals?