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:
Transactions up to Rs 30 are allowed for amounts between Rs 2 and Rs 5 lakh.
Transactions costing more than Rs 5 lakhs are limited to a maximum of Rs 55.
Question : What is the full form of RTGS?
Option 1: Real-Time Gross Settlement
Option 2: Real-Time Group Settlement
Option 3: Real-Time Global Settlement
Option 4: Real-Time Gross Securities
Option 1: Real-time Gross Settlement
Option 2: Real-time Gross System
Option 3: Real-time Gross Securities
Option 4: Real-time Gross Saving
Option 1: Real Time Gross Settlement
Option 2: Real Transfer Gross System
Option 3: Rapid Time Gross System
Option 4: None of the above
Option 2: Real Time Good Settlement
Option 3: Real Time General Settlement
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