what is the meaning of RTGS?
why & where is it used?
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Answer Posted / pooja shyam sunder purohit
RTGS. A system that streamlines that settlement of large-
value transactions between banks and other financial
institutions. Instead of moving physical amounts of cash,
the banks transfer funds electronically. When one bank
transfers money to another, the funds are immediately
credited to the second bank and debited to the first.
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