RTGS Service

What is RTGS?

Tranfer Your Funds Anywhere in India in minutes (Selected Banks and Branches) Minimum amount per transaction Rs. Two Lacks There is no upper ceiling of RTGS transactions.

Real time gross settlement is the continuous process of settling payments on an individual order basis without netting debits with credits across the books of a central bank (e.g. bundling transactions). Once completed, real time gross settlement payments are final and irrevocable.

Benefits of RTGS Service

Getting to understand how to do RTGS funds transfer is helpful in the long run as everyone prefers instant money transfers, especially for big payments. In fact the RTGS service has several benefits. Some of them are as under:

  Saves time. Previously payments of a huge amount were made via demand draft, which could only be cleared in a period of three days. Now the same can be done within no time through RTGS

  Saves paper. Without any need for physical documentation, transfers of huge sums can be made instantaneously.

  There is no threat of money being stolen or cheques being forged, since all the process is done online.

  Huge sums of money can be transferred easily, making it easier for companies to run their business smoothly.

  This is in turn also ensures a better supplier- buyer relationship, as a huge sum can be transferred in one go and without any delay.


The Chittoor Co-Operative town Bank has incepted in 1904, registered as society in 1907. Obtained license from RBI for doing Banking Business in year 1980. The Bank is having 117 years.

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