Benefits of RTGS
The following are the benefits of RTGS:
1. High Value Transactions: RTGS has no maximum limit, and thus it can be used for transferring any amount greater than 2 lakhs. This is really beneficial for large enterprises and businesses who transact in lakhs and crores.
2. Better Cash Flow Management: A business can have immediate access to funds through RTGS and can manage its cash flow more effectively, which helps in liquidity management and financial planning in a business.
3. No Intermediaries: RTGS involves no intermediaries and eliminates unnecessary charges. It also helps to maintain the confidentiality of the user information.
4. Low Transfer Charges: RTGS involves a very low transfer charge of not exceeding ₹50. This amount is negligible as compared to the ease and convenience it offers to the person.
5. Schedule a Transaction: RTGS also allows us to schedule a transaction a few days in advance. This ensures that all the payments and transfers are completed in time without any delay or last-minute rush.