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Categories >> Accounting >> Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1913)
 Accounting General interview questions  Accounting General Interview Questions (2841)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4372)
Question
what is the meaning of RTGS?
why & where is it used?
 Question Submitted By :: Accounting-AllOther
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
RTGS means Real Time Gross Settlement. It is used for
immediate payment which is affect in party account within
minutes.
 
Is This Answer Correct ?    621 Yes 59 No
Durga Sankar
 
Answer
# 2
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 ?    544 Yes 70 No
Anupama
 
 
 
Answer
# 3
RTGS means Real Time Gross Settlement. It is used for
immediate payment which is affect in party account within
minutes.
 
Is This Answer Correct ?    192 Yes 31 No
Sujit Kumar Choudhury
 
Answer
# 4
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 ?    169 Yes 28 No
Hemal Gandhi
 
Answer
# 5
IN NOW A DAYS RTGS IS VERY USEFUL AND EASIEST SERVICE TO
USE. YOU CAN TRANSFER THE FUNDS IN A FEW SECONDS WITH IN A
COUNTRY BY PAYING MINIMUM CHARGES.
 
Is This Answer Correct ?    106 Yes 22 No
Hamid Khan
 
Answer
# 6
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 ?    90 Yes 17 No
Shokath Ali
 
Answer
# 7
real time gross settlement. its is used to make prompt
payment within a minute from 1 bank account to another bank
account across india.
 
Is This Answer Correct ?    67 Yes 16 No
We Can Transfer The Money Thro
 
Answer
# 8
rtgs is an abbreviation of real time gross settlement. it
is the fastest way of sending money from bank to bank
 
Is This Answer Correct ?    61 Yes 16 No
Tony
 
Answer
# 9
RTGS MEANS FUNDTRANSFER FROM ONE BANK A/C TO ANOTHER
FOR EXAMPLE YOUR A/C IN TWO PALCES YOU CAN TRANSFER FUND
FROM ONE A/C TO ANOTHER BY INTERNET SYSTEM WHICH IS USED BY
BANK
 
Is This Answer Correct ?    44 Yes 17 No
Harpreet
 
Answer
# 10
Is it Possible Abroad transfer to India by RTGS? 
Is This Answer Correct ?    74 Yes 57 No
Unknown
 

 
 
 
Other Accounting AllOther Interview Questions
 
  Question Asked @ Answers
 
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please tell me that how much percentage of shares of a company must be purchased so in order to start the company??   3
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what is differed revenue expenditure   2
Golden rule for Nomianal Account? JPMorgan-Chase 7
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What is mean by Journalising ? Capital-IQ 11
New emlpoyee was joined on 15th Jan and salary paid on 28th Feb amt of Rs.20000/- and asked to give the Journal entry for the Month of Jan, Fed and March (His Monthly Salary is Rs.8000/-) ?   4
A furniture dealer purchased 10 units of sofa sets each costs 2500 out of which one is for shop purpose.Pass necessary entry   5
Name any 3 heads shown under assets side of balance sheet.   7
libilities accounts come under what type of accounts(under real, nominal or personal) if its nominal, generally nominal will not come in balance sheet, why we shown in balance shhet?   1
 
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