This forum is for all the guys around who are preparing for
Bank PO, so all u people out there just post in your views
and comments here on this forum.
Let's help each other and together we will create sucess
- 38 Answers
- 47342 Views
- BSRB, I also Faced
- E-Mail Answers
Answer Posted / nitiin
Q1. What is RTGS System?
Ans. 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.
Q2. How RTGS is different from Electronic Fund Transfer
System (EFT) or National Electronics Funds Transfer System
(NEFT)?
Ans .EFT and NEFT are electronic fund transfer modes that
operate on a deferred net settlement (DNS) basis which
settles transactions in batches. In DNS, the settlement
takes place at a particular point of time. All transactions
are held up till that time. For example, NEFT settlement
takes place 6 times a day during the week days (9.00 am,
11.00 am, 12.00 noon. 13.00 hours, 15.00 hours and 17.00
hours) and 3 times during Saturdays (9.00 am, 11.00 am and
12.00 noon). Any transaction initiated after a designated
settlement time would have to wait till the next designated
settlement time. Contrary to this, in RTGS, transactions are
processed continuously throughout the RTGS business hours.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
Hi I got selected for ICICI PO INTERVIEW(1/3/11) Pls Help me what kind of Questions i may face. I completed MCA. "How can I survive well in Business field?" pls guide me for answering this Question....Thanks in advance
People who dont have the application form print out please suggest something to get rid of this pbm
i got selected in clerical o9 xm of sbi...i am an engineer of biotechnology...what kind of question i hv to face plss tell me...it's urgent..send it in my mail id
Hi I have been selected for central bank of India Po.My interview is on 23 nov 2010.I have done B.E.(CS) in 2007.I have one year experience but for 2 yrs i dont have experience also I am not doing any job.Will they reject me.also please tell me some technical questions that they can ask me.
Hello sir/madam... I'm one of the selected candidate among recently held Postal Assistance Cadre.. I have been selected for the postal branch SBCO (Savings bank Control Office)... I wanted to know about the sort of work assigned to us in this post and also I have one more query. As the selection for above mentioned post is done on the basis of II PU eligibility, will I be able to apply for higher posts as a part of departmental exams?? Because I have finished my engineering Graduation in Computer Science.. Is there any higher posts which suits for my knowledge base....?? Please help me out with my questions.. It will be very helpful for me...
Hello Sir I have done BAMS and MBA Health and hospital management. I have clear Indian bank specialist office credit sale II exam and interview is on date 3 aug 2015. Please suggest some good answers for question why you want to join bank after completion of your degree in medical profession?
Is there anyone who qualified for the PNB MT and went to give the Mains exam at Mumbai??? Pls come in touch regarding this....Any idea when they are going to declare the result of the Mains exam??
I have Called fr SBI PO interview will u plz suggest wat kind of questions are asked i m already working in SBI as Assistant.
please contribute all those who are appearing for idbi assistant manger interview............will b helpful for all of us
dear sir.. i have completed my degree.. now im ready to applying for IBPS CLERK EXAM..so pls given the details of clercal exm..i mean syllabus and marks? also minimum cut off marks for clerical exm?
i have cleared IBPS exam I have done instrumentation engineer In PO interview what should i say when panel ask How will i be beneficial to bank???? Please help me
if anybody has any idea regarding pnb it officer banking domain interview please share.their criteria was graduation +1yr experience in finacle.it is very difficult to guess.also a total of 1585 names are shortlisted for just 227 posts.if anybody has any information regarding increase in no of vaccancies please inform me @ suswjj@yahoo.co.in
sir...i am a electronics and communication btech graduate...can you plz give me answer 4 the question for sbi bank po..how could you utilize your technical skills for the benefit of bank???
Has anyone any idea about when will be the UCO Bank PROBATIONARY OFFICERS (PO) interview when exam help ON 30 Jan 2011. anyone got call letters or email ?
what is the best book for bank po exam
