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Home > Corporate > Govt Business > RTGS


Nowadays when time is of essence, IDBI offers, Real Time Gross Settlement (RTGS) payments & Receipts system, a solution for faster and most efficient settlement system for our esteemed customers. This payment mechanism will enable funds to be received by the recipient intra-day, rather than the net settlement system exchanges that occur at the end of the banking hours.

The RTGS product would provide the following benefits:

      Bullet Speed – Guaranteed & Fast settlement of transactions
      Bullet High Liquidity – Lowering interest costs
      Bullet Better Funds Management - Ensures optimum planning and utilization of funds
      Bullet Hassle free High Value settlement - Elimination of collections thru physical H/V clearing
      Bullet Reduces Paper work and improves efficiency
      Bullet Eliminates "Settlement Risk" & "Systemic Risk"

RTGS Card Rates:

Inward Transactions: FREE
Outward Transactions:
a) Rs. 2 lakh to Rs. 5 lakh - Not exceeding Rs. 30 per transaction
b) Above Rs. 5 Lacs - Not exceeding Rs. 55 per transaction

Timings for Transactions: Cut off timing for Branches: In line with RBI's timelines, transactions can be sent through the RTGS system within following time schedules:

Outward Transactions
On Weekdays 9:00 Am to 4:15 PM
On Saturdays 9:00 Am to 1:00 PM

CMS Cut off timings for processing the payment request on the same day:

Payment Request

CMS Cut off timings for RTGS

On Weekdays: (Monday to Friday)

Bulk Upload at Customer end

16:00 Hrs

Payment request through electronic E-mail / fax

15:30 Hrs

On Saturday:

Bulk Upload at Customer end

13:00 Hrs

Payment request through electronic E-mail / fax

12:30 Hrs

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