RTGS for Funds Transfer

Send Rs.2 lakhs or more instantly without any worries using TJSB RTGS facility.

RTGS is the fastest possible interbank money transfer facility available through secure banking channels in India.

  • Transfers in real-time.
  • Faster clearing house settlement issues.

Charges for RTGS (w.e.f 01.07.2019):

Outward Remittance through RTGS
Rs. 2.00 Lacs to 5.00 Lacs Rs. 10/- per transaction
Rs. 5.00 Lacs & above Rs. 25/- per transaction

Inter Bank Transfer enables electronic transfer of funds from the account of the remitter in one Bank to the account of the beneficiary maintained with any other Bank branch.

RTGS - Real Time Gross Settlement- This is a system where the processing of funds transfer instructions takes place at the time they are received (real time). Also the settlement of funds transfer instructions occurs individually on an instruction by instruction basis (gross settlement). RTGS is the fastest possible interbank money transfer facility available through secure banking channels in India.

Under normal circumstances the beneficiary Bank branch receives the funds in real time as soon as funds are transferred by the remitting Bank.
RTGS will not be operated on second and fourth Saturdays but would operate for full day on remaining working Saturdays.

Yes. If the beneficiary's bank is unable to credit the beneficiary's account for any reason, the former will return the money to the remitting bank. Once the amount is received by the remitting bank, it is credited to the remitter's account by the branch concerned.

RTGS transactions
Day Start Time End Time
Monday to Saturday 8:00 hrs 16:00 hrs

RTGS will not be operated on second and fourth Saturdays.

For effecting an RTGS remittance the remitter has to furnish the following information:

  • Amount to be remitted.
  • Remitting customer's account number which is to be debited
  • Name of the beneficiary bank.
  • Name of the beneficiary.
  • Account number of the beneficiary.
  • Sender to receiver information, if any
  • IFSC code of the destination bank branch

No. RTGS service is enabled only in specific bank branches across the country. A list of such RTGS enabled branches can be obtained from the RBI website, http://rbidocs.rbi.org.in/rdocs/RTGS/DOCs/RTGEB1110.xls for RTGS.

Charges for RTGS is as listed in the following table:

Outward Remittance through RTGS
Rs. 2.00 Lacs to Rs. 5.00 Lacs Rs. 25/- per transaction
Rs. 5.00 Lacs & above Rs. 50/- per transaction

** “NOTE : The charges stated above are exclusive of applicable tax”

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