{"id":11418,"date":"2024-02-25T13:08:18","date_gmt":"2024-02-25T07:38:18","guid":{"rendered":"https:\/\/razorpay.com\/learn\/?p=11418"},"modified":"2026-02-04T15:28:58","modified_gmt":"2026-02-04T09:58:58","slug":"what-are-rtgs-charges","status":"publish","type":"post","link":"https:\/\/razorpay.com\/learn\/what-are-rtgs-charges\/","title":{"rendered":"RTGS Charges: Check RTGS Transfer Charges in 2026"},"content":{"rendered":"<p dir=\"ltr\" data-line-height-align=\"1.38\" data-pm-slice=\"1 1 []\">Understanding the charges associated with <a href=\"https:\/\/razorpay.com\/learn\/rtgs\/\">Real-Time Gross Settlement<\/a> (RTGS) transfers is essential when conducting high-value transactions. By knowing the fees, you can make informed decisions and ensure cost-effective and efficient fund transfers. This article will discuss the current RTGS fees applicable in 2026, providing an overview of the cost structure for different transaction amounts.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_80 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69e2277e8a209\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69e2277e8a209\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/razorpay.com\/learn\/what-are-rtgs-charges\/#RTGS-Charges-2026\" >RTGS Charges 2026<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/razorpay.com\/learn\/what-are-rtgs-charges\/#What-Are-the-Applicable-Fees-for-RTGS-Transactions\" >What Are the Applicable Fees for RTGS Transactions?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/razorpay.com\/learn\/what-are-rtgs-charges\/#RTGS-Charges-For-Top-Indian-Banks\" >RTGS Charges For Top Indian Banks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/razorpay.com\/learn\/what-are-rtgs-charges\/#Why-Choose-RTGS-for-High-Value-Fund-Transfers\" >Why Choose RTGS for High-Value Fund Transfers?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/razorpay.com\/learn\/what-are-rtgs-charges\/#Tips-for-Cost-Effective-RTGS-Transactions\" >Tips for Cost-Effective RTGS Transactions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/razorpay.com\/learn\/what-are-rtgs-charges\/#Frequently-Asked-Questions\" >Frequently Asked Questions<\/a><\/li><\/ul><\/nav><\/div>\n<h2 dir=\"ltr\" data-line-height-align=\"1.38\"><span class=\"ez-toc-section\" id=\"RTGS-Charges-2026\"><\/span><span data-text-color-mark=\"#2E3338\">RTGS Charges 2026<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"ltr\" data-line-height-align=\"1.38\"><span style=\"font-weight: 400;\">As per the latest RBI guidelines, online RTGS transactions via net banking and mobile apps are free of processing fees. However, offline RTGS transactions at bank branches usually incur charges between \u20b925 and \u20b950, varying by bank and transaction amount.<\/span><\/p>\n<p dir=\"ltr\" data-line-height-align=\"1.38\">Additionally, a Goods and Services Tax (GST) is applicable to the transferred amount. <span data-text-color-mark=\"#2E3338\">It&#8217;s worth noting that the RBI sets these maximum charges, and banks can charge lower fees than those mandated.<\/span><\/p>\n<p dir=\"ltr\" data-line-height-align=\"1.38\"><strong>Related Read: <a href=\"https:\/\/razorpay.com\/learn\/sbi-rtgs-charges\/\"><em>SBI RTGS Charges Explained: Fees, Limits &amp; Timings<\/em><\/a><\/strong><\/p>\n<h2 dir=\"ltr\" data-line-height-align=\"1.38\"><span class=\"ez-toc-section\" id=\"What-Are-the-Applicable-Fees-for-RTGS-Transactions\"><\/span>What Are the Applicable Fees for RTGS Transactions?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"ltr\" data-line-height-align=\"1.38\">For online transactions, no fees apply. However, for offline transactions, here&#8217;s a detailed breakdown of the applicable fees charged by typical banks:<\/p>\n<table dir=\"ltr\">\n<tbody>\n<tr>\n<td>\n<p dir=\"ltr\" data-line-height-align=\"1.2\"><strong>Transaction Amount\u00a0<\/strong><\/p>\n<\/td>\n<td>\n<p dir=\"ltr\" data-line-height-align=\"1.2\"><strong>Transaction Charges<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p dir=\"ltr\" data-line-height-align=\"1.2\">Less than 2,00,000<\/p>\n<\/td>\n<td>\n<p dir=\"ltr\" data-line-height-align=\"1.2\">Nil<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p dir=\"ltr\" data-line-height-align=\"1.2\">Rs 2,00,000 to Rs 5,00,000<\/p>\n<\/td>\n<td>\n<p dir=\"ltr\" data-line-height-align=\"1.2\">Rs 24.50 + GST<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p dir=\"ltr\" data-line-height-align=\"1.2\">Above Rs 5,00,000 but less than Rs 10,00,000<\/p>\n<\/td>\n<td>\n<p dir=\"ltr\" data-line-height-align=\"1.38\">Rs 49.50 + GST<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p dir=\"ltr\" data-line-height-align=\"1.38\">In addition to service fees, some banks may charge other fees, such as processing or convenience. These additional fees vary across banks and should be considered while making high-value transactions.<\/p>\n<h2 dir=\"ltr\" data-line-height-align=\"1.38\"><span class=\"ez-toc-section\" id=\"RTGS-Charges-For-Top-Indian-Banks\"><\/span>RTGS Charges For Top Indian Banks<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"ltr\" data-line-height-align=\"1.38\">Here is a breakdown of RTGS charges for some of the top Indian banks:<\/p>\n<h3 dir=\"ltr\" data-line-height-align=\"1.38\">HDFC Bank RTGS Charges<\/h3>\n<p dir=\"ltr\" data-line-height-align=\"1.38\">HDFC Bank does not levy any charges for online RTGS transactions, irrespective of the transaction amount. However, charges apply for branch-based RTGS transactions:<\/p>\n<ul dir=\"ltr\">\n<li>\n<p dir=\"ltr\" data-line-height-align=\"1.38\">A flat fee of Rs 15 plus GST is levied.<\/p>\n<\/li>\n<\/ul>\n<h3 dir=\"ltr\" data-line-height-align=\"1.38\">Axis Bank RTGS Charges<\/h3>\n<p dir=\"ltr\" data-line-height-align=\"1.38\">Like HDFC Bank, Axis Bank also does not levy charges for online RTGS transactions. However, for branch-based RTGS transactions:<\/p>\n<ul>\n<li>Transactions between Rs 2 lakh and Rs 5 lakh incur a fee of Rs 25 plus GST.<\/li>\n<li>Transactions above Rs 5 lakh attract a fee of \u20b950 plus GST.<\/li>\n<\/ul>\n<h3 dir=\"ltr\" data-line-height-align=\"1.38\">PNB RTGS Charges<\/h3>\n<p>Punjab National Bank also offers free online transactions, and charges the following for the offline transactions:<\/p>\n<ul>\n<li>Transactions between Rs 2 lakh and Rs 5 lakh are subject to a fee of Rs 24.50 plus GST.<\/li>\n<li>Transactions above Rs 5 lakh incur a fee of Rs 49.50 plus GST.<\/li>\n<\/ul>\n<h3 dir=\"ltr\" data-line-height-align=\"1.38\">RBL Bank RTGS Charges<\/h3>\n<p dir=\"ltr\" data-line-height-align=\"1.38\">RBL Bank also does not charge any fees for online RTGS transactions. For transactions at branches:<\/p>\n<ul>\n<li>Transactions between Rs 2 lakh and Rs 5 lakh are subject to a fee of Rs 20 plus GST.<\/li>\n<li>Transactions above Rs 5 lakh incur a fee of Rs 40 plus GST.<\/li>\n<\/ul>\n<h3 dir=\"ltr\" data-line-height-align=\"1.38\">ICICI Bank RTGS Charges<\/h3>\n<p dir=\"ltr\" data-line-height-align=\"1.38\">ICICI Bank offers free online RTGS transactions without any charges. However, for branch-based transactions:<\/p>\n<ul>\n<li>Transactions between Rs 2 lakh and Rs 5 lakh attract a fee of Rs 20 plus GST.<\/li>\n<li>Transactions above Rs 5 lakh have a fee of Rs 45 plus GST.<\/li>\n<\/ul>\n<p><em><b>Related Read: <\/b><a href=\"https:\/\/razorpay.com\/learn\/icici-bank-rtgs-charges\/\"><b>ICICI Bank RTGS: Form, Charges, and Timing Explained<\/b><\/a><\/em><\/p>\n<h2 dir=\"ltr\" data-line-height-align=\"1.38\"><span class=\"ez-toc-section\" id=\"Why-Choose-RTGS-for-High-Value-Fund-Transfers\"><\/span>Why Choose RTGS for High-Value Fund Transfers?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"ltr\" data-line-height-align=\"1.38\">RTGS is an ideal option for high-value fund transfers due to several reasons. <strong>Firstly<\/strong>, RTGS ensures real-time processing, meaning the funds are transferred instantly and settled in the recipient&#8217;s account within two hours. This makes it highly suitable for time-sensitive transactions, such as property deals or urgent payments.<\/p>\n<p dir=\"ltr\" data-line-height-align=\"1.38\"><strong>Secondly<\/strong>, RTGS provides enhanced security features that protect the transfer of large sums of money. The payment system operates on a gross settlement basis, which means each transaction is settled individually without netting off against other transactions. This minimises the risk of fraud or unauthorised access to funds.<\/p>\n<p dir=\"ltr\" data-line-height-align=\"1.38\"><span data-text-color-mark=\"#2E3338\"><strong>Lastly<\/strong>, RTGS is a reliable method for high-value transfers as it is facilitated by the Reserve Bank of India (RBI). The central bank oversees and regulates all RTGS transactions to ensure smooth and efficient processing.<\/span><\/p>\n<h2 dir=\"ltr\" data-line-height-align=\"1.38\"><span class=\"ez-toc-section\" id=\"Tips-for-Cost-Effective-RTGS-Transactions\"><\/span>Tips for Cost-Effective RTGS Transactions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"ltr\" data-line-height-align=\"1.38\">To minimise RTGS fund transfer charges, consider the following tips:<\/p>\n<ul dir=\"ltr\">\n<li><strong>Prefer Online Transfers:<\/strong> Following the <a href=\"https:\/\/www.rbi.org.in\/commonperson\/English\/Scripts\/FAQs.aspx?Id=275#:~:text=7.%20What%20about%20processing%20charges%20\/%20service%20charges%20for%20RTGS%20transactions%3F\" target=\"_blank\" rel=\"noopener\">new RBI guidelines<\/a>, online RTGS transactions are now free. Therefore, conducting transactions online is the most cost-effective method for sending money.<\/li>\n<li>\n<p dir=\"ltr\" data-line-height-align=\"1.38\"><strong>Compare Fees:<\/strong> Different banks may have varying charges for <a href=\"https:\/\/razorpay.com\/learn\/transfer-funds-using-rtgs\/\">RTGS transfers<\/a>. Research and compare the fees offered by various banks to find a cost-effective option.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\" data-line-height-align=\"1.38\"><strong>Transaction Amount:<\/strong> Some banks offer discounted or waived charges for higher transaction amounts. If possible, consolidate multiple smaller transfers into a single, larger transaction to take advantage of these benefits.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\" data-line-height-align=\"1.38\"><strong>Preferred Banking Solutions:<\/strong> Some banks provide preferential pricing on their bundled banking solutions, which may include reduced charges or even free RTGS transactions.<\/p>\n<p><b>Related Read: <\/b><a href=\"https:\/\/razorpay.com\/learn\/how-to-check-rtgs-status-by-utr-number\/\u201d\"><b>How to Check RTGS Status by UTR Number? A Step-By-Step Guide<\/b><\/a><\/li>\n<\/ul>\n<h2 dir=\"ltr\" data-line-height-align=\"1.38\"><span class=\"ez-toc-section\" id=\"Frequently-Asked-Questions\"><\/span><span data-text-color-mark=\"#2E3338\">Frequently Asked Questions<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3 dir=\"ltr\" data-line-height-align=\"1.38\">Is RTGS transfer free?<\/h3>\n<p dir=\"ltr\" data-line-height-align=\"1.38\">RTGS transfers are generally free for <a href=\"https:\/\/razorpay.com\/learn\/what-is-online-transaction\/\">online transactions<\/a>, but some banks may charge fees for branch-based transactions.<\/p>\n<h3 dir=\"ltr\" data-line-height-align=\"1.38\">What is cheaper NEFT or RTGS?<\/h3>\n<div class=\"flex flex-grow flex-col max-w-full\">\n<div class=\"min-h-[20px] text-message flex flex-col items-start whitespace-pre-wrap break-words [.text-message+&amp;]:mt-5 juice:w-full juice:items-end overflow-x-auto gap-2\" dir=\"auto\" data-message-author-role=\"assistant\" data-message-id=\"daf8e5a0-bc41-434a-b77d-a6d8aaf6c697\">\n<div class=\"flex w-full flex-col gap-1 juice:empty:hidden juice:first:pt-[3px]\">\n<div class=\"markdown prose w-full break-words dark:prose-invert light\">\n<p>NEFT is generally cheaper than RTGS, especially for smaller transactions. RTGS is designed for high-value transfers and typically incurs higher fees. Check with your bank for specific charges.<\/p>\n<h3>Is GST applicable on RTGS transactions?<\/h3>\n<p>Yes, GST is applicable on the transferred amount for offline RTGS transactions. The GST rate will depend on the specific bank&#8217;s charges.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<h3 dir=\"ltr\" data-line-height-align=\"1.38\">What are the charges for RTGS as per RBI guidelines?<\/h3>\n<p dir=\"ltr\" data-line-height-align=\"1.38\">The RBI sets maximum charges for RTGS: \u20b924.50 + GST for transactions between Rs 2-5 lakh and \u20b949.50 + GST for transactions above Rs 5 lakh. Banks can charge lower fees.<span data-text-color-mark=\"#2E3338\"><br \/>\n<\/span><\/p>\n<h3 dir=\"ltr\" data-line-height-align=\"1.38\">How are RTGS charges calculated?<\/h3>\n<p dir=\"ltr\" data-line-height-align=\"1.38\">RTGS charges are generally calculated based on the slab system, where different slabs have different charges associated with them. For example, transferring up to \u20b95 lakh may have a lower charge compared to transferring between \u20b95 lakh and \u20b910 lakh.<\/p>\n<h3 dir=\"ltr\" data-line-height-align=\"1.38\">What is the charge of RTGS in SBI?<\/h3>\n<p dir=\"ltr\" data-line-height-align=\"1.38\">The charges for RTGS in the State Bank of India (SBI) can vary depending on factors such as the amount being transferred and the type of account. It is recommended to refer to SBI&#8217;s official website or contact their customer support for the most accurate and up-to-date information on RTGS charges.<\/p>\n<h3 dir=\"ltr\" data-line-height-align=\"1.38\">How do RTGS charges compare with fees associated with other electronic fund transfer methods?<\/h3>\n<p dir=\"ltr\" data-line-height-align=\"1.38\">RTGS charges tend to be higher than fees associated with other electronic fund transfer methods like <a href=\"https:\/\/razorpay.com\/learn\/neft\/\">NEFT<\/a> (National Electronic Funds Transfer). However, RTGS offers real-time settlement and is suitable for high-value transactions requiring immediate funds transfer.<\/p>\n<h3 dir=\"ltr\" data-line-height-align=\"1.38\">Can the timing of an RTGS transaction influence the applicable charges?<\/h3>\n<p dir=\"ltr\" data-line-height-align=\"1.38\">Some banks may offer lower charges for RTGS transactions done during non-peak hours.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Understanding the charges associated with Real-Time Gross Settlement (RTGS) transfers is essential when conducting high-value transactions. By knowing the fees, you can make informed decisions and ensure cost-effective and efficient fund transfers. This article will discuss the current RTGS fees applicable in 2026, providing an overview of the cost structure for different transaction amounts. RTGS<\/p>\n","protected":false},"author":151156506,"featured_media":11416,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1387],"tags":[3869,3870],"class_list":{"0":"post-11418","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-payments","8":"tag-rtgs-charges","9":"tag-rtgs-transfer-charges"},"_links":{"self":[{"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/posts\/11418","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/users\/151156506"}],"replies":[{"embeddable":true,"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/comments?post=11418"}],"version-history":[{"count":16,"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/posts\/11418\/revisions"}],"predecessor-version":[{"id":18775,"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/posts\/11418\/revisions\/18775"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/media\/11416"}],"wp:attachment":[{"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/media?parent=11418"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/categories?post=11418"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/learn.razorpay.in\/learn\/wp-json\/wp\/v2\/tags?post=11418"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}