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what is the meaning of RTGS?
why & where is it used?
- 29 Answers
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Answer / shahid
It is Real Time Gross Settlement, which is used to transfer
huge sum from one bank a/c to another bank a/c. The charges
of RTGS above RS. 5,00,000/- is 50 /- and below 5,00,000/-
is 25 /- as per SBI. It is the fastest way to tranfer money.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / apaar sharma
rtgs is real time gross settlement .it is for transactions of min 2 lack and maximum no limit and maximum time it take to transfer the money is 2 hours.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / lakshman
RTGS Means real time gross settelement and whit in INDIA.
RTGS Use for one bank to another bank money transfer in few
second.it is useful to transfer amount to our party with in
time and saving the time,money and security also
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / jyoti dut
RTGS means Real Time Gross Settlement. It is used for
immediate payment which is affect in party account within
minutes
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / kalpana sap
RTGS is the real time gross settlement which is used for the
transfer of Rs 100000 or more from the one bank a/c to the
another bank a/c (any bank located anywhere in India if
attached with internet system)within few minutes at very
minimal charges like only Rs 25 in SBI. For amount less than
Rs 100000 we use NEFT( National Electronic Fund Tranfer).
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / suresh
RTGS means real time gross settlement is is used for fund
transfer within minuit using internet. It is best option
for fund transfer
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / radhika
RTGS - REAL TIME GROSS SETTLEMENT, Which is used to
transfer money from one bank A/C to another bank A/C(any
bank located anywhere in India if
attached with internet system)In this RTGS Minumum funds
transfer is 200000,Charges will be applicable,depend upon
the banks
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / raghuraman.r
RTGS means Real Time Gross Settlement. It is used for
immediate payment which is affect in party account within
minutes.
| Is This Answer Correct ? | 0 Yes | 0 No |
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