ICICI Bank offers its customers Real Time Gross Settlement System (RTGS) and National Electronic Fund Transfer System (NEFT). What is RTGS? The acronym 'RTGS' stands for Real Time Gross Settlement, ICICI neft Form which can be defined as the continuous (real-time) settlement of funds individually. ICICI Bank RTGS Form: RTGS refers to 'Real Time Gross Settlement', which means transferring of funds at the real time.