I recently sent money through RTGS from my Kotak Mahindra Bank account and I’m not sure how long it will take typically, how much time does an RTGS transfer take to reach the recipient, and can it get delayed depending on the time of day or bank processing?
RTGS Transfer Time in Kotak Mahindra Bank
Based on how bank transfers generally work now, RTGS in Kotak Mahindra Bank is very fast because it works in real-time. 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. So in most cases, it is almost instant.
Facts About RTGS in General
| Category | Details |
|---|---|
| Minimum transfer limit | ₹2,00,000 (no maximum limit) |
| Works on | Mobile app, Net banking, Bank branch |
| Best used for | Large and urgent transfers |
| Processing mode | Real-time (sent instantly) |
| Charges | Free or small fee depending on bank/channel |