Real Time Gross Settlement is a common name when it comes to big volume transactions. RTGS is a mode of continuous payment which is made based on every individual transaction, unlike bulk transactions in NEFT. This electronic payment system is available only if the payment amount is more than Rs. 2 lakhs. According to RBI guidelines, the RTGS payment has to be made within 30 minutes of initiation of the process. The applicant needs to fill the Kotak Mahindra Bank RTGS form to process the transaction.