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WHAT IS THE MEANING OF R.T.G.S USING IN A BANK.
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Answer / anupam kamalia
The acronym “RTGS” stands for Real Time Gross Settlement.
RTGS system is a
funds transfer mechanism where transfer of money takes
place from one bank to
another on a “real time” and on “gross” basis. This is the
fastest possible money
transfer system through the banking channel. Settlement
in “real time” means
payment transaction is not subjected to any waiting period.
The transactions are
settled as soon as they are processed. “Gross settlement”
means the transaction is
settled on one to one basis without bunching with any other
transaction. Considering
that money transfer takes place in the books of the Reserve
Bank of India, the
payment is taken as final and irrevocable
| Is This Answer Correct ? | 306 Yes | 16 No |
Answer / nidhi
R.T.G.S is Real time Gross Settlement,is used when transfer
amount is more than 1 lacs and it takes few seconds or you
can just a second to transfer....
| Is This Answer Correct ? | 48 Yes | 17 No |
Answer / sandeep kumar
REAL TIME GROSS SETTELMENT ITS USED WHEN TRANSACTION IS
MORE THAN RS. 1 LAKH AND ITS DONE WITH IN FEW MINIUTE AT
VERY NOMINAL VALUE WHICH IS CHARGED BY SBI FROM ONE A\C TO
ANOTHER A\C
| Is This Answer Correct ? | 52 Yes | 24 No |
Answer / aneesh
REAL TIME GROSS SETTLEMENT.Up to 5 lakhs25 rupees chargeble
and transferation will happend with in minutes and depend
up on the RBI confirmation.
| Is This Answer Correct ? | 35 Yes | 16 No |
Answer / i.a ansari
First of all RTGS means real time gross settlement which
means u can transfer money above 1 lac to one bank to
another bank whithen few seconds or minute without any
paper work ASAP with a very nominal charges which is very
convient to use
| Is This Answer Correct ? | 28 Yes | 11 No |
Answer / sandhya
Real time gross settlement.fund will be transfer within
seconds,minimun fund will be transfer 1,00,000
| Is This Answer Correct ? | 59 Yes | 43 No |
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