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WHAT IS THE MEANING OF R.T.G.S USING IN A BANK.
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Answer / naga suresh babu
Real Time Gross Settlement. when money transfer one a/c to
other bank a/c with in a short period of time on the basis
of net banking.And also lower charges applicable for this
transaction.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / rishikesh vishwakarma
First of all RTGS means real time gross settlement which
means u can transfer money above 1 lac to one bank to
another bank easily.....its much better and safier than
demand draft
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / rakesh
rtgs meaning of real time gross settlement .
It is best heavy money transfer for CBSC branches in india .
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / sanjeet chakraborty
R.T.G.S MEANING IS REAL TIME GROSS STTALMENT 1 LAKH TO 5
LAKH 25 RUPEE & ABOVE 5 LAKH 50 RUPEE
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / amit
R.T.G.S IS REAL TIME GROSS SETTLEMENT.ITS USED WHEN
TRANSACTION IS MORE THAN RS. 1 LAKH AND ITS DONE WITH IN FEW
MINIUTE FROM ONE A\C TO ANOTHER A\C
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / jai
STANDS FOR REAL TIME GROSS SETTLEMENT WHICH IS MONEY
TRANSFER FROM ONE BANK TO ANOTHER BANK ON RITE TIME. RTGS
MONEY TRANSFER MINIMUM OF RS.2 LAC'S
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / ajay kumar
RTGS is an Electronic Payment Enviornment Processing ,
Where transations process on REAL TIME BASIS & SETTLE on
Gross SETTLEMENT BASIS (Without netting debit against
credit) or one by one basis.
R - REAL
T - TIME
G - GROSS
S - SETTLEMENT
Types of RTGS Transaction:
1. Customer Mode (MT-R41)- Amount Limit - 2 Lacs & Above
2. Interbank Mode (MT (R-42)- Amount Limit - Above Rs One.
Processing Time:
Amount should credit in beneficiary account in 2 hour.
Geographical Area:
Within Boundry means only in India.
Charges:
From 2-5 Lacs -Rs.25/-
Above 5 Lacs - Rs.50/-
Regards
Ajay Kumar
IDBI Bank Ltd
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / mr. samadhan londhe
REAL TIME GROSS SETTLEMENT. ONLY FOR TRANSFER OF MORE THAN 1
LACKS RUPEES.
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / sona bari
real time gross sattlement.means a transferd to money above
1 lacs through d.d to one bank to another bank like rbi
R- REAL
T- TIME
G-GROSS
S- SATEELEMENT
| Is This Answer Correct ? | 0 Yes | 0 No |
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