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Answer Posted / uma
Real Time Gross Settlement. It is the service provided by
the bankers for transfer the amount more than Rs.1,00,000/-
from one bank A/c to another bank A/c any where in India,
with minimum charges of Rs.25/- only.
The funds are will be credited to the beneficiary's account
in 2 hours. Cm has to issue a cheque for the said amount
and mention the benficiary bank account number, name and
IFSC code of the branch where the funds are to be
transferred.
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