When I send money using RTGS from Canara Bank, how long does it generally take for the amount to get credited to the receiver’s account, and does the transfer time vary based on weekdays, weekends, or the time when the transaction is made?
I always assumed bank transfers took hours, but RTGS surprised me with its speed.
How much time does RTGS take to transfer money in Canara Bank?
The money usually takes 2 to 10 minutes to get credited. It works 24 hours, 7 days including holidays. Sometimes it can take up to 1 hours due to server issues and the minimum transfer amount is Rs. 2 lakh. There is no upper limit for sending and if the transaction fails the amount will be automatically returned.
RTGS Transaction Facts (Helpful Stand-alone Info)
| Point | Details |
|---|---|
| Minimum amount | ₹2 lakh |
| Maximum limit (Online) | Depends on bank and your daily limit |
| Works on | Net banking, mobile app, branch |
| Settlement type | Real-time, single transaction (one-to-one) |
| Ideal for | Urgent, high-value payments |