RTGS (Real-Time Gross Settlement)

RTGS is an electronic payment system that enables real-time settlement of high-value transactions between banks. Payments are processed individually and continuously throughout the day, ensuring that funds reach the beneficiary instantly and with finality. This system is highly secure, using Public Key Infrastructure (PKI) for encryption and digital signatures, making it one of the safest ways to transfer large amounts.

With South Indian Bank’s RTGS services, you can instantly transfer funds to any RTGS-enabled bank branch across India. Whether for business payments or personal transactions, RTGS ensures swift, reliable, and risk-free fund transfers.

Here are some additional benefits of RTGS (Real-Time Gross Settlement):

Instant & Final Settlement – Transactions are processed and settled in real time, ensuring there are no delays or reversals.
No Maximum Limit – While the minimum transfer amount is ?2 lakh, there is no upper limit, making it ideal for large transactions.
Highly Secure – Uses Public Key Infrastructure (PKI) encryption to ensure data security and prevent fraud.
Backed by RBI – Operates under RBI’s supervision, ensuring compliance, transparency, and regulatory security.
Eliminates Credit & Settlement Risks – Since transactions are settled immediately, there is no risk of settlement delays or chargebacks.
Widely Accepted – Supported by all major banks in India, allowing seamless interbank transfers.
Available Across India – All South Indian Bank networked branches are RTGS-enabled, making transfers convenient.
Easy Tracking & Confirmation – Customers receive an instant transaction confirmation, helping in better financial planning.

Monday - Saturday: 7:00 AM to 5:50 PM
Holidays: Second & Fourth Saturdays
Note: Timings may vary at the branch level based on individual branch business hours.

SIBernet (Internet Banking)

Log in to SIBernet
Choose RTGS Fund Transfer
Enter beneficiary details & transfer amount
Validate using OTP or security credentials

Via Branch Submission

Fill the RTGS Funds Transfer Application Form
Attach a cheque for the transfer amount
Submit at any RTGS-enabled South Indian Bank branch
Bank processes the transfer in real-time

Frequently Asked Questions

To get answers to the frequently asked queries

Show More FAQs

Address:

Investors Desk

About Us

Helpdesk

Online Services

Other links