The RTGS (Real Time Gross Settlement) system is a funds transfer system that is able to provide continuous intra-day finality for individual transfers. In this system, payment instructions between banks are processed and settled individually and continuously throughout the day. This is in contrast to net settlements where payment instructions are processed throughout the day but inter-bank settlement takes place only later typically at the end of the day.

Transactions across RTGS move only where the remitting (sending) bank has liquidity. Thus RTGS is an approach to risk reduction and it aims at reducing inter-bank settlement risk . In the RTGS system, payee banks and their customers receive funds with certainty, or so-called finality, during the day, enabling them to use the funds immediately without exposing themselves to risk.

Click here for RTGS Funds Transfer Application Form
Click here for branches enabled for customer transactions through RTGS