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Real Time Gross Settlement (RTGS) system is primarily meant for large-value transactions. The minimum amount to initiate a transaction through RTGS is ₹2 lakh, with no upper or maximum ceiling.

1. Rs. 2 lakhs
2. Rs. 3 lakhs
3. Rs. 5 lakhs
4. Rs. 4 lakhs

Correct answer: Rs. 2 lakhs

Solution

RTGS is designed for real-time settlement of high-value transactions. As per RBI guidelines, the minimum amount for RTGS is ₹2 lakh and there is no upper limit.

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