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1. Features to look at while transferring the amount in RTGS The payment system that enables instantaneous fund transfers is known as Real-Time Gross Settlement. With RTGS Money Transfer App, the money will be transferred promptly in the electronic form to the beneficiary's account. RTGS uses the system to execute transactions individually rather than in batches. You could pay with your debit and credit cards using the RTGS method. In this post, you can see the features of the RTGS significance in the banking industry: Real-time online fund transfer RTGS Money Transfer App is most trustworthy application for transferring funds when it needs to happen immediately or on the same day. In other words, there are no processing bottlenecks or delays in the transactions. Starting in December 2020, the fund transfer method will be controlled by RBI and accessible every day, 24 hours a day. Used for higher value transactions Using the RTGS fund transfer method for high-value transactions is its most crucial component. By using this method, transfers must be at least Rs 2 Lakhs per day. Consumers who must do these transactions should opt for this technique because it is the most dependable and secure. Safe and secure For high-value purchases, this payment option is favored for a number of reasons, including speedy service and low transaction costs. The fact that it is one of the safest means of financial transfer accessible right now. It is the characteristic that attracts consumers the most. This method's backing from India's Central Bank, the Reserve Bank of India, makes it highly safe and trustworthy. Doing this ensures that the transaction is entirely legal and that the server handling it is robust and secure against even the most cutting-edge hacking techniques. Immediate clearing The money is quickly cleared from the customer's end using the RTGS quick settlement method, but it may take up to two hours for the beneficiary to see the payment. As soon as the customer completes the transaction, the payment is instantly cleared and irrevocable, making it fully settled. When it comes to other type of transaction, it will take some time. But with RTGS, you can transfer the money as soon as possible with the simple steps. Funds are credited on a gross and one-on-one basis This is an essential aspect of RTGS. In this form of fund transfer, the money is credited on a one- to-one basis, which implies that the consumer and the beneficiary are the only parties to which the money is transferred. When released by the customer, the payment is made directly to the beneficiary one-on-one without the involvement of a third party and without being combined or netted with any other transaction.

2. Final words You can use the RTGS fund transfer mechanism for high-value transactions. The sending and receiving banks must both have RTGS-capable bank branches for an RTGS transfer to be successful. Be aware that RTGS transfers are final and irrevocable and occur in the RBI's books. You can also use the UPI Money Transfer App to transfer money with the help of the UPI ID.