The Reserve Bank of India (RBI) has revised the threshold value limit for Real Time Gross Settlement (RTGS) transactions, which will be effective from 15th Nov 2010.
Accordingly, effective 15 Nov 2010:
1. The minimum threshold value limit for RTGS transaction will be increased from INR 100,000 to INR 200,000
2. RTGS instructions below the revised threshold value limit would be rejected by the bank
3. You are advised to initiate electronic payments below INR 200,000 through National Electronic Fund Transfer (NEFT) payment mode
4. Customers availing standard pricing for RTGS and NEFT payments would be charged in line with the new RBI guidelines
RBI circular reference: DPSS (CO) RTGS No. 1008 / 04.04.002 / 2010-2011 dated 03 November 2010.
