Real Time Gross Settlement (RTGS)

Need to transfer funds immediately? RTGS (Real Time Gross Settlement) is a payment service that allows you to transfer funds on a 'real time' and on 'gross' basis. This mode of payment involves continuous (real-time) settlement of funds transfers individually on an order by order basis (without netting). Federal Bank is the first bank in India to provide RTGS fund transfer facility in all it's branches.

Features & Benefits

Transfer funds from one bank to another on a "real time" and on "gross" basis
This happens through the secure network INFINET provided by IDRBT, an initiative of Reserve Bank of India for research in Banking Technology. 
RTGS is the fastest possible money transfer system through the banking channel in India.
The RTGS system is primarily meant for large value transactions. The minimum amount to be remitted through RTGS is Rs.2 lakh. There is no upper ceiling for RTGS transactions.
Federal Bank is the first Bank in India to offer this facility through 100% of the branches spread across the country.
To remit funds through RTGS all customer needs to know Beneficiary account number, Beneficiary Name and IFSC code of the beneficiary bank.

Timings for RTGS

Day Through Branch Through FedNet
Monday to Saturday During business hours 7 a.m to 6.00 p.m


  RTGS will not be available on second and fourth Saturdays of the month.

Customer Facilitation Centres (CFC)

For getting assistance on RTGS transactions, please visit Directory of customer facilitation centres of all banks provided by RBI.

IFS Codes

IFSC or Indian Financial System Code is an alpha-numeric code that uniquely identifies a bank-branch participating in the NEFT system. This is an 11 digit code with the first 4 alpha characters representing the bank, and the last 6 characters representing the branch. The 5th character is 0 (zero). IFSC is used by the NEFT system to identify the originating / destination banks / branches and also to route the messages appropriately to the concerned banks / branches.

Explore Other Services

You might be interested

Recommendations for a safe and easy banking experience


Stay tuned to banking innovations & trends and make smart financial decisions

Learn More
Tutorial Videos

Watch tutorial videos about our products & services and harness the power of digital banking.

Learn More
Safe Zindagi

Our guidelines and tips for secure banking with total peace of mind

Learn More