RTGS

Real Time Gross Settlement (RTGS) system is a funds transfer mechanism where transfer of money takes place from one bank to another on a "real time" and on "gross" basis. This is the fastest possible money transfer system through the banking channel. Settlement in "real time" means payment transaction is not subjected to any waiting period. The transactions are settled as soon as they are processed.

"Gross Settlement" means the transaction is settled on a one to one basis without bunching with any other transactions. Considering that money transfer takes place in the books of the Reserve Bank of India, the payment is taken as final and irrevocable. The RTGS system is primarily for large value transactions. The minimum amount to be remitted through RTGS is Rs. 2 lacs. There is no upper ceiling for RTGS transactions. RTGS eliminates settlement risk.

RTGS CHARGES

Nature of Service Service Charges
Inward FREE
OUTWARD NIL
icon

Any Branch Banking

icon

UPI

icon

QR Code

icon

Foreign Exchange

icon

Ezeewill

icon

Franking

icon

IMPS

icon

Lockers

icon

Depository Services

icon

NEFT

icon

RTGS

icon

RuPay Card

icon

Bancassurance

icon

E Tax

icon

Mutual Funds

Stay Updated

From our new features to promotional announcements,
get the latest on what we are up to.

How can we help you?

If you have any questions and you can't find the answer on our website, give us a call or message us.

180 123 0209

ccbl@citizencreditbank.com

Citizencredit Co-operative Bank Ltd.
CITIZENCREDIT CENTRE
CTS No:236, Marve Road, Orlem,
Malad (W), Mumbai 400064

Hi! My name is

I have a query about

You can reach me at

or