ICICI RTGS Form PDF

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ICICI RTGS Form

‘RTGS’ stands for Real Time Gross Settlement, which can be defined as the continuous (real-time) settlement of funds individually on an order by order basis (without netting). ‘Real Time’ means the processing of instructions at the time they are received rather than at some later time.’ Gross Settlement’ means the settlement of funds transfer instructions occurs individually (on an instruction by instruction basis). Considering that the funds’ settlement takes place in the books of the Reserve Bank of India, the payments are final and irrevocable.

RTGS/NEFT enables an efficient, secure, economical, and reliable system to be transferred from bank to bank as well as sending money to a particular bank account. Through which the beneficiary can easily transfer money to another bank across the country.

The RTGS system is primarily meant for large value transactions. The minimum amount to be remitted through RTGS is Rs 2 lakh. The maximum limit is Rs 10 lakh per day.

RTGS Charges – Outward transactions:-

The amount above Rs 2 lakh up to Rs 5 lakh – Rs 20 + Applicable GST
The amount above Rs 5 lakh up to Rs 10 lakh – Rs 45 + Applicable GST

You can download the ICICI RTGS Application Form in PDF format online from the link provided below.

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