Canara Bank RTGS Charges, Timings, Limits & How to Transfer

Canara Bank is one of India’s largest public sector banks, serving millions of customers with a full suite of modern banking services. When it comes to high‑value and time‑sensitive fund transfers, Canara Bank offers RTGS (Real Time Gross Settlement) — one of the fastest and most secure ways to move large sums of money across accounts in India.

In this article, we’ll break down Canara Bank RTGS charges, timings, transfer limits, and a clear step‑by‑step guide on how to transfer money using RTGS.

What Is RTGS?

RTGS (Real Time Gross Settlement) is a funds transfer mechanism regulated by the Reserve Bank of India (RBI). Unlike NEFT, which settles transactions in batches, RTGS processes transfers individually and instantly, allowing funds to move from sender to recipient in real time.

RTGS is ideal for high‑value and urgent payments, such as:

• Business and vendor payments
• Property and investment transfers
• Large personal remittances
• Salary disbursements over ₹2 lakh

Canara Bank RTGS Charges

Canara Bank has structured its RTGS charges to be customer‑friendly, especially for online transactions.

Online RTGS Charges

• Internet Banking: Free
• Mobile Banking App: Free

Canara Bank does not charge any fees for RTGS transactions initiated through its digital channels — internet banking or the bank’s mobile app. This is in line with RBI’s initiative to promote digital and paperless banking, making large value transfers more convenient and economical.

Branch RTGS Charges

If you initiate RTGS at a bank branch counter, nominal charges may apply. These are generally based on the amount being transferred and exclude GST:

GST (Goods and Services Tax) will be added where applicable.

These charges are modest but apply only when you use offline mode. Digital channels remain free of cost, making online RTGS the preferred method for many users.

RTGS Timings at Canara Bank

Online RTGS

Thanks to RBI’s expanded RTGS availability, Canara Bank customers can initiate RTGS 24×7 — including Sundays and bank holidays — through internet or mobile banking. This round‑the‑clock access ensures urgent, high‑value transfers can be made anytime without delay.

Branch RTGS

For RTGS initiated at a bank branch, transactions are accepted during normal banking hours:

• Monday to Friday: ~10:00 AM – 4:00 PM
• Saturday: Shorter hours (may vary by branch)

Once the request is submitted (even during offline hours), RTGS settlement occurs in real time.

Canara Bank RTGS Limits

RTGS is designed for high‑value transfers, and as per RBI guidelines and bank policy:

What This Means

• Minimum Value: RTGS can only be used for transfers of ₹2 lakh or more. This threshold is set by RBI to distinguish it from other methods like NEFT and IMPS.
• No Maximum Cap: RBI does not cap the maximum amount for RTGS. Canara Bank may apply internal caps for specific digital channels, but generally, high‑value transfers are supported.

How to Transfer Money via RTGS in Canara Bank

Here’s a simple step‑by‑step guide to transferring funds using RTGS:

Step 1 — Log In

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

Step 2 — Add Beneficiary

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

• Beneficiary Name
• Account Number
• IFSC Code (Canara Bank IFSC begins with CNRB0…)

Submit and save. Beneficiary activation may take a short time for security verification.

Step 3 — Initiate RTGS

Once the beneficiary is activated:

1. Navigate to Funds Transfer → RTGS
2. Select the beneficiary
3. Enter the transfer amount (must be ₹2 lakh or more)
4. Add remarks (optional)

Step 4 — Authenticate

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

Step 5 — Confirmation

After successful transfer, save or screenshot the UTR (Unique Transaction Reference) number — essential for tracking or reconciliation.

Benefits of RTGS with Canara Bank

• Instant and real‑time settlement
• Free online transfers via internet and mobile banking
• Supports high‑value transfers with no RBI limit
• 24×7 availability via digital channels
• Secure and RBI‑regulated system

Tips for Users

• Always double‑check the beneficiary account number and IFSC code before confirming the transfer.
• Add beneficiaries in advance to avoid delays.
• Prefer online digital channels to save time and avoid branch charges.
• Keep your UTR number handy for future tracking or customer support.

Conclusion

Canara Bank’s RTGS facility is a secure, fast, and cost‑effective way to transfer large amounts of money across India. With zero digital charges, round‑the‑clock availability, and real‑time settlement, RTGS meets the demands of individuals and businesses alike.

For the fastest and most economical experience, customers are encouraged to use internet or mobile banking when initiating RTGS transfers — a convenient way to move high‑value funds with confidence.