What is the turnaround time for RTGS transactions?

RTGS (Real Time Gross Settlement) transactions are processed and settled in realtime, meaning the funds are transferred instantly to the recipient's account. The maximum time it can take for an RTGS transaction to be processed is usually a few minutes, but it can vary based on the volume of transactions being processed at that time, and the time it takes for the sender's and recipient's banks to process the transaction. However, it is important to note that RTGS transactions are typically only processed during bank working hours, so transactions initiated outside of these hours may not be processed until the next working day.