Transferring funds via HDFC Bank’s RTGS (Real Time Gross Settlement) service is…
Transfer in real time, so no waiting
No geographical limitations within India
Smart user authentication to ensure safety of transactions
HDFC Bank RTGS Timings
RTGS services are available 24×7 if done online except from 11:30 PM to 00:30 AM due to cut-off. However, if you wish to avail the service offline, you will have to call the bank and as about RTGS timings.
The Funds transfer request through RTGS can be made only from 9:00 a.m to 3.30 p.m. from Monday to Friday and from 9:00 a.m. to 12.30 p.m. on Saturdays. There will be no RTGS transactions possible on Bank holidays and Sundays.
What is the time limit for RTGS timings? ›There are no stipulated limitations to RTGS timings, and this fund transfer can be done 24*7*365. To make an RTGS transfer, all you need to input are the following: Your account details.
Is RTGS a 24x7 system or are there some timings applicable? ›RTGS transactions / transfers have no amount cap set by RBI. The system is available on all days on 24x7x365 basis. There is real time transfer of funds to the beneficiary account.
What is the new time for RTGS? ›| Amount | Minimum Tk. 1,00,000 (One Lac) per transfer Maximum Tk. 5,00,000 (Five Lac) per transfer Maximum Tk. 5,00,000 (Five Lac) per day Maximum 5 transfer per day |
|---|---|
| Charge | Tk. 100 per transaction (VAT as per govt.rule will be added) |
| Operation Time | Starts 10:00 AM Ends 3:00 PM Holiday is OFF |
Check your account statement: After the RTGS transfer, you can check your account statement to verify that the funds have been transferred from your account to the beneficiary's account.
How to check RTGS transaction status? ›RTGS (Real-Time Gross Settlement)
Unlike NEFT, RTGS transfers are processed in real-time, which means that once a transaction is initiated, the funds are transferred and credited to the recipient's account instantly.
Yes. RTGS transaction can be late due to technical issues.
What is the timing of RTGS in Indian bank? ›RTGS transactions are processed in Indian Bank branch offices between 8:00 AM to 4:30 PM every day except 2nd and 4th Saturday and Sundays. Service charges applied to fund transfer via RTGS initiated online have been temporarily suspended. Customers can use Indian Bank Net-banking to process RTGS transactions for free.
Yes. If the beneficiary's bank is unable to credit the beneficiary's account for any reason, the former will return the money to the remitting bank within 2 hours. Once the amount is received by the remitting bank, it is credited to the remitter's account by the branch concerned.
How long does a RTGS take? ›RTGS Payments can take approximately 120 minutes before they are received by the payee's bank (if the payment was requested after 8:30am and before 4:00pm Sydney time).
What is the cut off time for HDFC Bank RTGS? ›| Type of Transfer | NEFT | RTGS |
|---|---|---|
| Minimum Transfer Value | No Limit | Rs. 2 lakhs |
| Charges | No Charges for online transfers | No Charges for online transfers |
| Timing | Monday to Friday & Working Saturday 7 AM to 7 PM on bank working days | Monday to Friday & Working Saturday 7 AM to 5 PM on bank working days |
There is no upper limit set by the RBI for RTGS transactions. For example, the maximum transfer amount is Rs. 20 lakhs per day at IDFC First Bank and a maximum of Rs. 10 lakhs can be transferred through ICICI Bank under RTGS.
Can we do RTGS online HDFC? ›For RTGS you will need to begin by adding a beneficiary. Then you can go on to make a funds transfer. For online transaction, both the NetBanking and Third Party Funds Transfer facilities should be enabled. (If you're not yet registered, just fill the form at your closest HDFC Bank branch).
Is NEFT and RTGS 24 hours? ›IMPS and NEFT are available 24x7, while RTGS operates only during banking hours. Fund Transfer Limit: The amount of money that can be transferred is the fund transfer limit. The limit will be different for different payment methods.
Which is faster, RTGS or NEFT? ›NEFT transactions are relatively slower than RTGS and IMPS transfers. The processing time for NEFT can take up to 2 hours. RTGS transactions are faster than NEFT, with funds typically being credited within 30 minutes. IMPS enables instant transactions, allowing for immediate fund transfers.
What is the charges for 5 lakhs in HDFC RTGS? ›| Transaction Amount | Transaction Charges |
|---|---|
| Less than 2,00,000 | Nil |
| Rs 2,00,000 to Rs 5,00,000 | Rs 24.50 + GST |
| Above Rs 5,00,000 but less than Rs 10,00,000 | Rs 49.50 + GST |
| Criteria | NEFT | RTGS (Retail) |
|---|---|---|
| Full Form | National Electronic Fund Transfer | Real Time Gross Settlement |
| Timings on Mon – Fri | 8:00 am – 6:30 pm | 9:00 am – 4:30 pm |
| Timings on Saturday | 8:00 am – 12:30 pm | 9:00 am – 1:30 pm |
| Minimum amount of money transfer limit | No Minimum | 2 lacs |
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