The correct answer is 2 lakh. Real-Time Gross Settlement (RTGS)The RTGS is a system where there is the continuous and real-time settlement of fund transfers, individually on a transaction by transaction basis (without netting). Here, the term 'Real Time' means that the processing of instructions is done at the time they are received without any time lag, whereas the term 'Gross Settlement' means that the settlement of funds transfer instructions occurs individually. The RTGS system is primarily meant for large value transactions, thus the minimum amount to be remitted through RTGS is Rs. 2,00,000/- with no upper or maximum ceiling. Benefits This fund transfer mode is quite safe and secure and the transaction has legal backing. This is a real-time fund transfer system, so is quite fast, and also there is no amount cap. The remitter need not use a physical cheque or a demand draft and can n initiate the remittances from his / her home/place of work using internet banking. The beneficiary need not visit a bank branch for depositing the paper instruments. Additional InformationWith effect from 1st July 2019, processing charges and time-varying charges levied on banks by the Reserve Bank of India (RBI) for outward transactions undertaken using the RTGS system and the processing charges levied by RBI for transactions processed in the NEFT (National Electronic Fund Transfer) system will be waived by the Reserve Bank. This move was taken to provide an impetus to the digital funds' movement. According to the Statement on Developmental and Regulatory Policies dated 9th October 2020, Rbi has made the RTGS system round the clock on all days. The decision is made effective from 00:30 hours on December 14, 2020.