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Answer Posted / arun jain
RTGS - Real Time Gross Settlement is a service initiated by RBI- Reserve Bank of India, Transaction are done on the Real Time basis means transaction are not subjected to any waiting period. The amount which can be transfer via RTGS should be minimum 1 Lac. There is no maximum limit. To make the transfer below mentioned details has to be provided by the payer.
1. IFSC Code of the Bank
2. Account No. of the benefeciary.
3. Amount.
4. Beneficiery Name
The amount get transfer immediately.
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