Answer Posted / ajay kumar

RTGS is an Electronic Payment Enviornment Processing ,
Where transations process on REAL TIME BASIS & SETTLE on
Gross SETTLEMENT BASIS (Without netting debit against
credit) or one by one basis.

R - REAL
T - TIME
G - GROSS
S - SETTLEMENT

Types of RTGS Transaction:
1. Customer Mode (MT-R41)- Amount Limit - 2 Lacs & Above
2. Interbank Mode (MT (R-42)- Amount Limit - Above Rs One.

Processing Time:
Amount should credit in beneficiary account in 2 hour.

Geographical Area:
Within Boundry means only in India.

Charges:
From 2-5 Lacs -Rs.25/-
Above 5 Lacs - Rs.50/-


Regards
Ajay Kumar
IDBI Bank Ltd

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