RTGS:

1. System where money is moved from one account to another account in real time on gross basis.
2. Using the Banking method, RTGS is the fastest possible way to transfer money. Real time means that the payment transfers instant subject to any waiting period.

The RTGS system primarily for large value transactions. The minimum amount to be remitted through RTGS is Rs.2.00 lakhs. There is no upper limit ceiling for RTGS transactions