Bandhan Bank RTGS Charges, Timings, Limit & How to Transfer

In today’s fast‑paced world, the need to transfer large amounts of money instantly and securely has become essential — whether for personal commitments, business payments, or urgent financial needs. RTGS (Real Time Gross Settlement) is one such reliable solution, and Bandhan Bank provides this service with transparency, ease and speed. This article explains Bandhan Bank RTGS charges, timings, transaction limits, and a simple step‑by‑step guide on how to transfer funds using RTGS.

What Is RTGS?

RTGS stands for Real Time Gross Settlement, an electronic payment system regulated by the Reserve Bank of India (RBI). It allows money to be transferred immediately and individually from one bank account to another. In contrast to NEFT (which processes transactions in half‑hourly batches), RTGS settles each transaction in real time, making it ideal for high‑value and urgent transfers.

RTGS is best suited for:

• Large business payments
• Vendor or supplier settlements
• Property and investment transactions
• Urgent personal remittances

Bandhan Bank RTGS Charges

Bandhan Bank follows a transparent and customer‑friendly fee policy for RTGS. The charges vary depending on whether the transfer is initiated online or at a bank branch.

Online RTGS Charges

• Internet Banking: Free
• Mobile Banking App: Free

Bandhan Bank offers zero charges for RTGS transactions initiated through its digital platforms — such as internet banking and mobile banking. This means you can transfer large amounts online without paying any fees, making it both cost‑effective and convenient.

Branch RTGS Charges

If you choose to initiate RTGS at a bank branch counter, some nominal fees apply, usually based on the amount being transferred. These charges are exclusive of GST (Goods and Services Tax):

GST will be added as per applicable laws.

While branch charges apply for offline transactions, digital channels remain free, ensuring that most customers opt for online transfers.

RTGS Timings at Bandhan Bank

Online RTGS

One of the biggest advantages of digital banking today is convenience. Bandhan Bank allows customers to initiate RTGS 24×7, 365 days a year, including Sundays and bank holidays, when done via internet or mobile banking.

This means you can send large sums any time of the day or night — perfect for urgent situations and time‑critical payments.

Branch RTGS

If you initiate RTGS at a bank branch, the service is available during standard banking hours:

• Monday to Friday: Typically 10:00 AM – 4:00 PM
• Saturday: Shorter hours (varies by branch)

Even if you submit the request during branch hours, the actual RTGS settlement happens instantly once the transaction is authorized.

Bandhan Bank RTGS Limits

RTGS is designed for high‑value transfers, and RBI has mandated a minimum amount for such transactions:

What This Means

• Minimum Amount: RTGS is used for transactions of ₹2 lakh or more — this is the RBI minimum threshold for such transfers.
• Maximum Limit: There is no upper limit prescribed by RBI for RTGS. Bandhan Bank may set internal caps depending on the channel or customer profile, but generally, large amounts can be transferred as per need.

This makes RTGS especially suitable for high‑value payments that need fast and secure settlement.

How to Transfer Money via RTGS in Bandhan Bank

Here’s a step‑by‑step guide to help you complete an RTGS transfer:

Step 1 — Login

• Visit the official Bandhan Bank website: https://bandhan.bank.in/
• Login to your Internet Banking account or open the Mobile Banking App.

Step 2 — Add Beneficiary

Navigate to Funds Transfer → Add Beneficiary/Manage Payee and enter:

• Beneficiary Name
• Account Number
• IFSC Code (Bandhan Bank IFSC begins with BAND0…)

Submit and save. Beneficiary activation may take a short time due to security checks.

Step 3 — Initiate RTGS

Once the beneficiary is active:

1. Go to Funds Transfer → RTGS
2. Select the beneficiary
3. Enter the transfer amount (minimum ₹2 lakh)
4. Add remarks (optional)

Step 4 — Authenticate

You will be prompted to enter an OTP (One‑Time Password) or your transaction PIN. Enter it to authorize the transfer.

Step 5 — Confirmation

Once the transfer completes successfully, save or screenshot the UTR (Unique Transaction Reference) number — this is useful for tracking or reconciliation.

Benefits of Using RTGS with Bandhan Bank

• Real‑time settlement: Funds are transferred instantly
• Free online transfers: Zero charge via digital channels
• 24×7 availability: Including holidays and weekends
• Ideal for high‑value transactions: No upper limit imposed by RBI
• Safe & secure: Regulated under RBI guidelines

Important Tips for Users

• Always verify the beneficiary’s account number and IFSC code before confirming the transfer.
• Add beneficiaries ahead of time to avoid delays in urgent transfers.
• Prefer digital channels for faster, more secure, and free transfers.
• Keep your UTR number in case you need to track or verify the transaction.

Conclusion

Bandhan Bank’s RTGS facility is a fast, secure, and cost‑effective solution for high‑value fund transfers across India. With zero online charges, round‑the‑clock availability, and real‑time settlement, it fits perfectly for both business and personal banking needs.

For the most seamless experience, always use internet or mobile banking when initiating RTGS transactions — quick, reliable, and convenient.