BANKING AFFAIRS

Detailed explanation-1: -The RTGS system is primarily meant for large value transactions. The minimum amount to be remitted through RTGS is ₹ 2, 00, 000/-with no upper or maximum ceiling.

Detailed explanation-2: -RTGS transactions involve large amounts of cash, basically only funds above Rs 200, 000 may be transferred using this system. For NEFT, any amount below Rs 200, 000 may be transferred, and this system is generally for smaller value transactions involving smaller amounts of money.

Detailed explanation-3: -There is no maximum RTGS limit or cap set by RBI, but banks can set their own RTGS limit.