RTGS: The minimum amount you can send via RTGS is ₹2 lakh. RTGS is also regulated by the RBI and is typically meant for high-value transactions. IMPS: IMPS is owned and operated by the NCPI. You can send up to ₹5 lakh via IMPS.
Ans: The RTGS system is primarily meant for large value transactions. The minimum amount to be remitted through RTGS is Rs. 2 lakh. There is no upper ceiling for RTGS transactions. For NEFT transaction there is no lower and upper value limit.
You have the freedom to set the online Third Party Transfer limit on your account for any amount from Rs 10,000 to Rs 50,00,000, instantly.
Step-By-Step Guide to Transfer a Bank Account to Another Branch Step 1 – File a bank account transfer application. You need to submit a written bank branch transfer application to your home branch (the old one) or the new branch. Step 2 – Surrender your cheque book and passbook. Step 3 – Submit the necessary documents.