RTGS

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RTGS
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About RTGS for SMEs

RTGS (Real Time Gross Settlement) is a system used to transfer large sums of money between banks immediately. It ensures that transactions are processed in real-time and on a gross basis, meaning they are settled individually without netting.

Transferring Funds Via RTGS Is

Key Benefits & Features of RTGS for SMEs

Large Transactions

  • Transfer funds exceeding ₹2 lakh swiftly and securely.
  • No maximum limit for RTGS transactions.
  • Get started in simple steps

    • Step 1: Select “Transfer to other bank (using RTGS) from Funds Transfer Section in NetBaking
    • Step 2: Select account, beneficiary and enter relevant details
      (New beneficiary activated in 30 minutes, transfer possible after 48 hours)
    • Step 3: Mention and confirm amount to initiate transaction
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Instant Transfers

  • Benefit from faster settlement cycles, enabling instant fund transfers for improved cash flow and liquidity.

  • Get real-time notifications as soon as funds are credited to your account, ensuring transparency and better financial management.

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Send Money Anywhere in India

  • Remit funds to any RTGS-enabled bank branch across India. 

  • Access over 1,00,000 branches spanning 20,000 locations nationwide. 

  • Available from 8.00 a.m. to 4.00 p.m., Monday to Saturday (except 2nd and 4th Saturdays).  

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Fees and Charges

  • The fees for RTGS transactions are structured based on the transaction amount. For transfers exceeding ₹2 lakh and up to ₹5 lakh, a fee of ₹25 plus applicable taxes is charged. For transactions above ₹5 lakh, the fee is ₹50 plus taxes.
Fees and Charges

Most Important Terms and Conditions 

  • *The (Most Important Terms and Conditions) for each of our banking offerings features all the specific terms and conditions that govern their use. You must go through it thoroughly to fully understand the terms and conditions applicable to any banking product you choose.    
Most Important Terms and Conditions 

More About RTGS For SMEs

RTGS (Real Time Gross Settlement) is a system used to transfer large sums of money between banks immediately. It ensures that transactions are processed in real-time and on a gross basis, meaning they are settled individually without netting.

The fees for RTGS transactions are structured based on the transaction amount. For transfers exceeding ₹2 lakh and up to ₹5 lakh, a fee of ₹25 plus applicable taxes is charged. For transactions above ₹5 lakh, the fee is ₹50 plus taxes.

*The Most Important Terms and Conditions for each of our banking offerings features all the specific terms and conditions that govern their use. You must go through it thoroughly to fully understand the terms and conditions applicable to any banking product you choose.

Frequently Asked Questions

RTGS timings through HDFC Bank branches are from 8 a.m. to 4 p.m., Monday through Saturday (except 2nd and 4th Saturdays).

RTGS for small businesses is highly secure for transactions, utilising encrypted communication and authentication protocols to ensure the safe and immediate transfer of funds between accounts in different banks with minimal risk of interception or fraud. 

RTGS banking system can be used by individuals, businesses, and institutions that need to transfer large sums of money securely and instantly between accounts held at different banks in India. 

Business RTGS systems are primarily used for domestic transfers. However, international RTGS networks, such as the SWIFT system, facilitate real-time transfers of funds across borders. 

Banks typically investigate and reconcile issues if there is an error or discrepancy in an RTGS for a business transaction. Based on the outcome of the investigation and customer communication, funds may be reversed or corrected.