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Categories >> Accounting >> Accounting AllOther
 
 


 

 
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 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4351)
Question
what is the meaning of RTGS?
why & where is it used?
 Question Submitted By :: Arudra12
I also faced this Question!!     Rank Answer Posted By  
 
  Re: what is the meaning of RTGS? why & where is it used?
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 ?    608 Yes 59 No
Durga Sankar
 
  Re: what is the meaning of RTGS? why & where is it used?
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 ?    535 Yes 68 No
Anupama
 
 
 
  Re: what is the meaning of RTGS? why & where is it used?
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 ?    186 Yes 31 No
Sujit Kumar Choudhury
 
  Re: what is the meaning of RTGS? why & where is it used?
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 ?    166 Yes 27 No
Hemal Gandhi
 
  Re: what is the meaning of RTGS? why & where is it used?
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 ?    102 Yes 22 No
Hamid Khan
 
  Re: what is the meaning of RTGS? why & where is it used?
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 ?    88 Yes 16 No
Shokath Ali
 
  Re: what is the meaning of RTGS? why & where is it used?
Answer
# 7
Is it Possible Abroad transfer to India by RTGS? 
Is This Answer Correct ?    71 Yes 57 No
Unknown
 
  Re: what is the meaning of RTGS? why & where is it used?
Answer
# 8
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
 
  Re: what is the meaning of RTGS? why & where is it used?
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 ?    42 Yes 17 No
Harpreet
 
  Re: what is the meaning of RTGS? why & where is it used?
Answer
# 10
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
 

 
 
 
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