What is RTGS Full Form, Meaning, And Definition

On this page, We are going to learn about the full form of RTGS and the meaning of RTGS, As well as the meaning, definition, abbreviation, and acronym for RTGS in different categories. So you should read this post till the end.

The Full Form of RTGS: Real-Time Gross Settlement

RTGS stands for Real Time Gross Settlement. RTGS is used as an acronym in Funds transfer and banking to represent Real Time Gross Settlement.

RTGS (Real Time Gross Settlement System) This is a very fast and popular electronic fund transfer method. with this online banking method, funds or money are sent from one bank account to another bank account without any waiting period.

There are many modern payment banking solutions available on digital and online platforms such as – Real Time Gross Settlement (RTGS), National Electronic Funds Transfer (NEFT), and Immediate Payment Service (IMPS) that is provided an Easy online payment process.

In short, RTGS is a continuous, real-time process of funds settlement, with the help of which funds can be transferred individually and on an order-by-order basis from one account to another without netting.


Features of RTGS Transaction

  • It uses a real-time online fund transfer method to transfer money
  • It is mainly used for high-value transactions or large amounts of transactions.
  • Realtime online fund transfer is very safe and secure
  • It is approved by RBI so it is Reliable
  • Immediate clearing takes place in this
  • With this, the funds are credited on a one-on-one basis.
  • These Transactions are executed on an individual and gross basis.


  1. What is the full form of RTGS?

    When do you ask what is RTGS? so, here the answer is The meaning of RTGS is ” Real Time Gross Settlement ” The Definition of RTGS & Also all possible meanings is given above, so check out the related information in the section.

  2. What are the Fees and Charges of RTGS Transactions

    The recipient bank does not have to pay any charge for the RTGS transactions. But the sender (who sends money) charges some fees to the bank.
    This RTGS Fee – Rs.30 per transaction for Rs.2 lakh to Rs.5 lakh and above Rs.5 lakh up to Rs.55 per transaction.

  3. What are the Timings for doing RTGS

    Weekdays Timing for RTGS in India is 9.00 a.m. to 4.30 p.m and
    Timing of Saturdays 9.00 a.m. to 2.00 p.m.

  4. What is the difference between RTGS and NEFT?

    NEFT stands for National Electronic Fund Transfer, in which transactions are settled in batches. but RTGS transactions are settled individually.

  5. What is the minimum and maximum limit of RTGS transactions?

    The minimum amount for RTGS transactions is Rs.2 lakh. And it has no maximum limit.

  6. If the funds are not credited to the account then does that transaction get reversed?

    Yes. If the transfer of Funds is not possible, then transaction automatically the is reversed, in which case the sender gets the money sent by him once again.

  7. Can an RTGS transaction be scheduled in advance?

    Yes, RTGS transactions be scheduled in advance. We can schedule the transaction for 3 working days in advance?

  8. Can we use RTGS to send Funds to foreign banks?

    No. RTGS transfer service is available only in India and that too with RTGS-enabled banks.