RTGS Limit: How to Increase RTGS Per Day Transfer Limit?

Real-time gross Settlement (RTGS) is a secure and efficient real-time system for high-value fund transfers. While providing quick settlements, banks could impose daily limits on transfers to secure funds and minimize risks associated with such processes. RTGS limits differ based on the bank, account type, or nature of the transaction (i.e., whether online or branch-based).

Increasing the RTGS transfer limit is quite simple if your financial requirements exceed the limit. This guide will examine minimum and maximum RTGS limits and how to increase them. 

What is the RTGS Limit?

The Real Time Gross Settlement is a fund transfer process operated and managed by the Reserve Bank of India. It allows easy and hassle-free fund transfers from one bank to another quickly. However, you must know the RTGS daily limit before initiating the process to determine the minimum and maximum amount you can send through this service. 

What is the RTGS Minimum Limit?

The minimum amount for an RTGS transaction is Rs. 2,00,000. It ensures the system is primarily used for high-value transfers, distinguishing it from other payment systems like NEFT, which handles smaller amounts. Understanding the minimum RTGS transfer limit can help you save time when making an immediate remittance. NEFT or IMPS are better alternatives for businesses and individuals requiring lower transfers.

What is the RTGS Maximum Limit?

The RTGS maximum limit varies by bank and account type. While the RBI imposes no upper cap, most banks set limits for safety and operational reasons. For personal accounts, the limit typically ranges from Rs. 10 lakhs to Rs. 50 lakhs daily (subject to the respective account holder's different banks), while corporate accounts can have limits in crores. 

In addition, online transfers often have stricter limits compared to branch-based transactions, ensuring the secure processing of high-value funds.

How to Increase Per Day RTGS Limit?

Listed below is a step-by-step guide you can follow to increase the RTGS maximum limit per day​:

• Contact Your Bank: To request a limit increase, visit your bank branch or use customer service channels. Many banks also offer the option to apply via internet banking or mobile apps.
• Submit a Request Form: Complete the RTGS Limit Enhancement form stating the increase desired with reasons.
• Provide Documentation: Submit proof of identity in the form of a PAN or Aadhaar card, with additional documents to be determined by the bank if deemed necessary. The bank may eventually seek further proof of the company's authenticity.
• Approval Process: Once the bank receives the request, it assesses the same based on transaction history, account type, and risk analysis. Upon approval, the newly enhanced limit is activated.
• Adjust Online Limits: Update your transfer limit settings within the newly approved range for internet banking. It ensures seamless high-value fund transfers tailored to your needs.

What is the RTGS Transfer Limit Set by Top Indian Banks?

The RTGS minimum and maximum limit varies from one bank to another. Here are the RTGS transfer limits set by the top Indian banks:

HDFC Bank RTGS Transaction Limit: 

• HDFC Bank's RTGS amount transfer limits are structured to suit various needs. The minimum limit for RTGS transactions is ₹2,00,000. 
• For online RTGS transfers, the limit is determined by your set Third-Party Funds Transfer limit, with a maximum cap of ₹50 lakhs per day.
• Bank branches are free from any upper limits for RTGS transactions, thus offering greater flexibility for high-value transfers.

Axis Bank RTGS Transaction Limit: 

• These limits are decided, keeping in mind a need for making a variety of transfers through the RTGS transactions. 
• The Minimum limit is fixed at ₹2,00,000, while the maximum amount limit varies from 7:00 AM to 6:00 PM, set by the third-party funds transfer limit provided by the customer, up to ₹50 lakhs in a day. 
• However, between 6:00 PM and 7:00 AM, there is no upper limit for RTGS transactions, allowing for greater flexibility in high-value transfers during off-peak hours.

State Bank of India RTGS Transaction Limit

Retail Banking: 

• A lower limit of ₹2,00,000 and an upper limit of ₹10,00,000 are set by the SBI RTGS for the respect of retail banking on different customers' needs, addressing the area of safe and effective handling of high-value transfers.

Corporate Internet Banking: 

• The State Bank of India (SBI) has established RTGS transaction limits for corporate internet banking to meet diverse business needs. 
• The minimum RTGS limit is ₹2,00,000, applicable across all corporate banking categories. 
• The maximum daily limit per transaction for the Saral category is capped at ₹10,00,000. 
• The Vyapaar category allows a maximum transaction limit of ₹50,00,000, with no cap on daily RTGS transactions. 
• In the Vistaar category, the maximum limit per transaction is ₹2,000 crore, with no upper limit on daily RTGS transactions, providing extensive flexibility for large-scale business operations.

Understanding the RTGS limits will guide your efforts to optimize high-value transactions. While the system interlinks fund transfers in real-time, the limits on these fund transfers are determined by the guidelines set by the bank and the type of account held. If you need to transfer larger amounts, requesting a limit enhancement is simple and provides assurance that your fund management will not be disrupted. Besides, find out if your bank has particular requirements that can be fulfilled to make RTGS limits appropriate for your purpose. 

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2. RTGS Timings