WHY AND WHERE RTGS TO BE USED.
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Answer / Arun Kumar Pandey
RTGS (Real Time Gross Settlement) is an electronic funds transfer system that settles payment transactions in real time on a gross basis, meaning individual transactions are settled individually as they occur rather than being netted off against other transactions.nIt is used to facilitate high-value and high-speed fund transfers between banks electronically. RTGS is typically used for large interbank transactions, such as payments between different banks or government entities, where speed and certainty of settlement are crucial.
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