Real Time Gross Settlement (RTGS) Funds Transfer
You can transfer funds to participating bank accounts within India using the Real Time Gross Settlement facility (RTGS). RTGS is based on a continuous settlement of payments in an individual order basis immediately and is aimed to reduce credit, operational and systemic risk prevalent in conventional paper based clearing systems
The minimum amount limit for a single transaction through RTGS is Rs. 200000 as per the RBI Guidelines
All RTGS transfers initiated on Citibank Online before 3.30 p.m on weekdays (and 12:30 pm on weekends) will be processed by Citibank on the same day and funds will be forwarded to the Reserve Bank of India with details of the beneficiary as given by you.
All RTGS transfers initiated after 3:30 p.m. on weekdays (and 12:30 p.m. on weekends) will be processed by Citibank on the next working day
Please note that the actual time taken to credit the account depends on the time taken by the Payee's bank to process the payment. The money will reach the Payee's bank within the time stipulated by the Reserve Bank of India for RTGS
The RTGS transfers will be processed by Citibank on the RTGS working day
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