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.
– NEFT transfer limits There is no maximum or minimum limit on the amount of funds that could be transferred through NEFT. With NEFT, you can initiate transactions to transfer funds from one bank account to another throughout India.
Yes, you can transfer your bank account to another branch online by logging into your internet banking account. After this, go to 'e-Services' and click 'Transfer of Savings Account'. Hereafter, enter the new branch's IFSC code, tap on 'Continue' and submit your request.
20 lakhs in one day? You can use NEFT to transfer the amount.
2 lakh. There is no upper ceiling for RTGS transactions. For NEFT transaction there is no lower and upper value limit.
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.
Yes, you can transfer your bank account to another branch online by logging into your internet banking account. After this, go to 'e-Services' and click 'Transfer of Savings Account'. Hereafter, enter the new branch's IFSC code, tap on 'Continue' and submit your request.
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.