RTGS (Real-Time Gross Settlement)

Real-Time Fund Transfers for Business & Personal Needs

RTGS is an electronic payment system that enables real-time settlement of high value transactions between banks. Payments are processed individually and continuously throughout the day, ensuring that funds reach the beneficiary instantly. This system is highly secure, using Public Key Infrastructure (PKI) for encryption and digital signatures, making it one of the safest ways to transfer large amounts.
With South Indian Bank’s RTGS services, you can instantly transfer funds to any RTGS enabled bank branch across India. Whether for business payments or personal transactions, RTGS ensures swift, reliable, and risk free fund transfers.

Here are some additional benefits of RTGS (Real-Time Gross Settlement):

Instant & Final Settlement - Transactions are processed and settled in real time, ensuring there are no delays or reversals
No Maximum Limit - While the minimum transfer amount is Rs. 2 lakh, there is no upper limit, making it ideal for large transactions
Highly Secure - Uses Public Key Infrastructure (PKI) encryption to ensure data security and prevent fraud
Backed by RBI - Operates under RBI’s supervision, ensuring compliance, transparency, and regulatory security
Eliminates Credit & Settlement Risks - Since transactions are settled immediately, there is no risk of settlement delays or chargebacks
Widely Accepted - Supported by all major banks in India, allowing seamless interbank transfers
Available Across India - All South Indian Bank networked branches are RTGS enabled, making transfers convenient
Easy Tracking & Confirmation - Customers receive an instant transaction confirmation, helping in better financial planning

Monday - Saturday: 7:00 AM to 5:50 PM
Holidays: Second & Fourth Saturdays

Note: Timings may vary at the branch level based on individual branch business hours.

Online - SIBernet (Internet Banking)	Log in to SIBernet Choose RTGS Fund Transfer Enter beneficiary details & transfer amount Validate using OTP or security credentials
Offline - Via Branch Submission	Fill the RTGS Funds Transfer Application Form Attach a cheque for the transfer amount Submit at any RTGS-enabled South Indian Bank branch Bank processes the transfer in real-time

Questions & Answers

Frequently Asked Questions

Get answers to your queries

RTGS (Real-Time Gross Settlement) is an electronic payment system that allows instant and secure fund transfers between banks, with transactions being settled individually and in real-time.

The minimum amount for an RTGS transaction is Rs. 2 lakh.
There is no upper limit on the amount that can be transferred via RTGS.

You can transfer funds via RTGS through:

SIB Mirror+ (Mobile Banking App)
SIBerNet (Internet Banking)
Any South Indian Bank branch (by filling out the RTGS Funds Transfer Application Form).

Online RTGS (Internet/Mobile Banking): Available 24x7
Branch RTGS Transactions: Monday to Saturday from 7:00 AM to 5:50 PM (except second and fourth Saturdays, Sundays, and bank holidays).

RTGS transactions are processed instantly and settled in real-time. The beneficiary receives funds within minutes of the transaction.