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Is RTGS mandatory for certain transactions?
Curious about RTGS
RTGS is mandatory for certain highvalue transactions, which are above the minimum threshold amount set by the Reserve Bank of India (RBI). However, for most other transactions, there are other electronic payment methods available, such as NEFT, IMPS, and UPI, which may be more suitable depending on the transaction amount and timing requirements. It is always advisable to check with your bank regarding the most appropriate payment method for your specific transaction.
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