Why do you need RTGS?
RTGS is required as other modes of transfer, such as the NEFT, IMPS, and UPI do not allow a transfer of more than a certain amount and have a maximum limit attached to them. However, RTGS has no maximum limit and any amount of funds can be transferred which makes it very convenient for the users. Also, the settlement through RTGS happens in real-time. RTGS is also very transparent and helps a user to monitor and track the status of transactions online. Moreover, RTGS is highly reliable and secure which provides an additional sense of satisfaction to the users. RTGS is also available at most of the bank branches across the country. Thus, it is very easy and convenient to use and is preferred by users.
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