Full account number of the beneficiary.IFSC (Indian Financial System Code) of the beneficiary Bank/Branch.Customers intending to remit money through RTGS have to furnish the following particulars: The minimum amount to be remitted through RTGS is Rs.2.00 Lakh.Ĭustomers can remit any amount using RTGS. RTGS is primarily for large value remittances. Presently, there are over 50000 bank branches enabled for remitting and receiving funds through RTGS. It's a fund transfer mechanism where transfer of money takes place from one bank to another in real time and on 'gross basis'. Real Time Gross Settlement, introduced by us as Union Bullet, is the fastest possible mode of money transfer through bank channels available in India.
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