Real Time Gross Settlement
Our RTGS feature enables you to transfer large amounts of money instantly and securely, making it ideal for high-value transactions. RTGS is used for real-time, one-to-one transfer of funds between banks, and is typically used for transactions that require immediate settlement.
Overview
Process
RTGS Timing
Rates & Charges
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RTGS is the continuous (real-time) settlement of fund transfers individually.
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UGB has introduced RTGS mode fund transfer in all its branches. Amount starting from 2 Lakh can be sent to any other RTGS-enabled Bank's customer account through this mode from any UGB Branch.
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'Real Time' means instructions are process at the time of receipt itself; 'Gross Settlement' means the settlement of funds transfer instructions occurs individually.