Funds transfer – RTGS
RTGS – Real Time Gross Settlement System
With RTGS, you can transfer money instantly to any Third Party (Beneficiary) holding an account with a bank other than IDFC Bank, if the beneficiary's bank participates in RBI Real Time Gross Settlement (RBI - RTGS). These funds transfers are executed using Reserve Bank of India's InterBank Transfer Scheme. The minimum amount that can be transfer via this channel is Rs. 2 lakh.
For requests received on any RTGS between 9 AM to 4:00 PM (except Sundays and Bank holidays) , your account will be debited online and request will be sent by IDFC Bank to RBI on the same day.
You can transfer money using RTGS through:
Payments can only be made via Internet Banking and branch if you have single or unconditional signing authority on your account.