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Question
Rita wants to transfer their first salary to her mother's bank account through RTGS. What is the minimum amount that she can transfer through RTGS?
Options
₹50,000
₹2,00,000
₹1,00,000
₹20,000
MCQ
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Solution
₹2,00,000
Explanation:
The RBI sets a minimum RTGS limit of ₹2,00,000 for initiating a transaction, but no upper limit.
shaalaa.com
Transfer of Funds Through Real Time Gross Settlement (RTGS)
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