Real Time Gross Settlement (RTGS)

RTGS (Real Time Gross Settlement) is an Indian payment system operated by the Reserve Bank of India (RBI) that settles high-value bank-to-bank transfers individually and in real time, 24 hours a day, 7 days a week. The term “gross settlement” means each transaction is processed separately without being netted against other transfers — which makes RTGS the fastest and most final form of wholesale payment in India. RTGS has a minimum transfer amount of ₹2 lakh with no upper limit, making it the preferred method for large-value transactions such as property purchases, business payments, and share settlements. Credit card bill payments via RTGS are less common due to the minimum amount threshold; smaller bill payments typically use NEFT, IMPS, or UPI instead. Most banks offer RTGS through their internet banking portal and mobile app, with nominal charges ranging from ₹25 to ₹55 per transaction depending on the amount.