Can I Transfer 20 Lakhs Through RTGS?

Can I transfer 1 crore through RTGS?

Yes, you can able to deposit or transfer money (1 Crore) through RTGS system.

The RTGS costs more than the NEFT (National Electronic Funds Transfer).

The charges may differ from bank to bank but can’t exceed Rs 30 for transfers of Rs 2 to 5 lakhs and Rs 55 for transfers above Rs 5 lakhs..

Can 2 lakhs transfer online?

In RTGS, the minimum amount that can be transferred is Rs 2 lakh. You can only transfer funds using RTGS on any working day between Monday and Saturday either via internet banking or bank branch….AmountChargesAbove Rs 10,000 and up to Rs 1 lakhRs 2 plus GSTAbove Rs 1 lakh and up to Rs 2 lakhRs 3 plus GST2 more rows•Nov 26, 2018

Can I transfer more than 10 lakh online?

Transfers up to Rs 2 lakhs to Other Bank Accounts are done through IMPS (Immediate Payment Service) which is real-time and available 24×7 including Sundays and bank holidays. Transfers greater than Rs 2 lakhs and up to Rs 10 lakhs to Other Bank Accounts are done through NEFT (National Electronic Funds Transfer).

Can I transfer 20 lakhs through Neft?

4) NEFT to registered beneficiary per day – up to Rs. 10 lakh./per transaction – up to Rs 5 lakh. (Newly added beneficiary — less than 24 hours old — the limit is Rs 50,000).

Is there any charges for RTGS fund transfer?

While NEFT and RTGS transactions through digital means are free, a small fee is imposed if done at branches. … For a transaction above ₹2 lakh via NEFT, SBI will charge ₹20 plus GST. For RTGS transfer between ₹2 lakh to ₹5 lakh, a customer must pay ₹20 plus GST. RTGS transfer above ₹5 lakh will be charged ₹40 plus GST.

What is the maximum amount that can be transferred with the help of RTGS?

The minimum amount to be remitted through RTGS is ₹ 2,00,000/- with no upper or maximum ceiling. 7. What about processing charges / service charges for RTGS transactions?