Charges for RTGS
RTGS transactions are free from any charges if done using online modes. However, if a person completes an RTGS transaction at a bank branch, then a charge of a maximum ₹50 is applicable on each transaction, depending upon the transaction amount. The charges may also vary from bank to bank depending on the type of account a person holds with the bank. Sometimes, banks provide RTGS transfer facilities to their customers at reduced prices. The charges also incur an additional GST amount of 18% on the base charges. It is always advisable to check the charges on the bank’s website before making an RTGS transfer. The following table summarises the RTGS charges:
Type of Transaction |
Charges (in ₹) excluding tax |
---|---|
Inward Transaction |
NA |
Online Transaction |
NA |
Outward Transaction (2 lakh – 5 lakh) |
not exceeding 25 |
Outward Transaction (above 5 lakhs) |
not exceeding 50 |