What happens if the recipient's bank details are incorrect?

If the recipient's bank details are incorrect, the RTGS transfer may not go through, and the funds may be returned to the sender's account. However, it's important to note that the process of returning the funds may take some time, and there may be additional charges involved. To avoid such a situation, it's always a good idea to doublecheck the recipient's bank details before initiating an RTGS transfer.