How to Transfer Funds using RTGS Online?

RTGS is a very useful way of transferring money online as well as offline. Previously offline method of RTGS was mostly used by the people. RTGS stands for Real Time Gross Settlement which stands on it abbreviation. It settles the fund transfer in the real time meaning immediately. Before transferring any funds online it is important to check your bank account balance using the Bankbalance check missed call number to ensure that the account contains sufficient fund. In this article we will provide you with different steps that you can use to make your RTGS transaction online.

Eligibility for RTGS online

The following are the Eligibility for RTGS Online-

1.          The Maximum and minimum limit for RTGS are Rs.2 Lakhs and no upper limit respectively
2.          Functional Net Banking
3.         Account holder details

Pre-requisite for RTGS online

You need to have the following details for transferring funds online-

•          Account details of the receiver

o   Account number

o   Name

o   Bank IFSC Code

1.       Net Banking Login details

2.       Internet connection

3.       PC/Laptop or Smartphone Phone

Steps for Transferring Money online using RTGS

The following are the steps that you can follow to transfer the funds online-

• Login to your net banking portal using the ID and Password
• Navigate to the Fund transfer tab
• Now click on the Add Beneficiary Tab
• Fill all the details like account number, name etc.
• After adding the beneficiary  navigate again to the fund transfer tab
• Now fill the details with the name and selecting beneficiary followed by the amount and click proceed
• An OTP will be sent to your mobile number enter that into the provided space and click ok
• Your funds are transferred using the RTGS and since, it works on the real time bases therefore the funds will be reflected on your account immediately.