Real Time Gross Settlement’, RTGS, is the fastest possible money transfer system through the banking channel. Because settlements are made in real time, transactions are not subject to any waiting periods. With RTGS, transferring money becomes an easier, faster process. Real Time Gross Settlement (RTGS) System is set up, operated and maintained by Reserve Bank of India to enable funds settlement on real-time basis across Banks in the country.

Eligibility :

Nainital Bank offers instant remittance facility through RTGS to both corporate and individual customers for transfer of funds from their accounts with us to customers of other Bank branches or vice versa, which are RTGS enabled.

Requirement :

Nainital Bank customer who is willing to transfer the funds will be required to provide the IFSC Code (a number allotted to each participating Bank branch) of the branch where the funds are to be transferred, along with other details of the beneficiary - Name, Account Number, etc. If they are to receive funds from others, they can inform the details like IFSC Code (of the branch of Nainital Bank where account is maintained), account number, etc to the sender.

Benefits to Customers :

Transfer of funds on the same day

No physical loss or material changes while in transit

Fully secured

Better cash management

RTGS Schedule :

As per RBI, schedule of RTGS is as follows:

Transaction type Timings
RTGS RTGS is now available 24*7, 365 days.
The settlement to beneficiary will be as per RBI Settlement.

*Please note that all the above timings are based on Indian Standard Time (IST) only.


Charge per transaction
(Tax extra)
Amount Slab Rates - per transaction
Rs.2 to 5 lacs Rs. 24.50 (+ Applicable GST)
Above Rs.5 lacs Rs. 49.50 (+ Applicable GST)