The minimum RTGS (Real-Time Gross Settlement) transaction limit is ₹2 Lakhs. There is no upper limit prescribed by the Reserve Bank of India (RBI), but individual banks may impose their own maximum limits.
Essentially, while you can't use RTGS for transactions under ₹2 Lakhs, the maximum amount you can transfer via RTGS depends on your bank's policies. Therefore, it's best to check with your specific bank for their RTGS maximum transaction limit.
Here's a summary:
- Minimum RTGS Limit: ₹2 Lakhs
- Maximum RTGS Limit (RBI): No limit
- Maximum RTGS Limit (Banks): Varies by bank; check with your bank.
