Real-Time Gross Settlement (RTGS) SystemPI ? Participant Interface.1. The message is passed on by PI to IFTP (Inter ? Bank Fund Transfer Processor) which acts as a broker.2. RTGS system is a funds transfer mechanism where transfer of money takes place from one bank to another on a “real time” and on “gross” basis.3. This is the fastest possible money transfer system through the banking channel.4. RTGS helps in preventing Systemic and Settlement Risks.5. Minimum/maximum amount for RTGS transactions : Minimum amount : Rs 2 lakh; Max : No limit.
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