Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Is there any minimum/maximum amount stipulation for RTGS transaction?

April 26, 2017maximum minimum rtgs stipulation transaction

0

Posted

Is there any minimum/maximum amount stipulation for RTGS transaction?

1 Answer

0

Posted

Ans. The RTGS system is primarily for large value transactions. The minimum amount to be remitted through RTGS is Rs 1 Lakh. There is no upper ceiling for RTGS transactions. No minimum or maximum stipulation has been fixed for NEFT transactions.