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what is the meaning of RTGS?
why & where is it used?
- 29 Answers
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Answer / durga sankar
RTGS means Real Time Gross Settlement. It is used for
immediate payment which is affect in party account within
minutes.
| Is This Answer Correct ? | 667 Yes | 66 No |
Answer / anupama
RTGS is the real time gross settlement which is used for the
transfer of Rs 100000 or more from the one bank a/c to the
another bank a/c (any bank located anywhere in India if
attached with internet system)within few minutes at very
minimal charges like only Rs 25 in SBI. For amount less than
Rs 100000 we use NEFT( National Electronic Fund Tranfer).
| Is This Answer Correct ? | 571 Yes | 74 No |
Answer / sujit kumar choudhury
RTGS means Real Time Gross Settlement. It is used for
immediate payment which is affect in party account within
minutes.
| Is This Answer Correct ? | 209 Yes | 32 No |
Answer / hemal gandhi
RTGS is the real time gross settlement which is used for the
transfer of Rs 100000 or more from the one bank a/c to the
another bank a/c (any bank located anywhere in India if
attached with internet system)within few minutes at very
minimal charges like only Rs 25 in SBI. For amount less than
Rs 100000 we use NEFT( National Electronic Fund Tranfer).
| Is This Answer Correct ? | 178 Yes | 30 No |
Answer / hamid khan
IN NOW A DAYS RTGS IS VERY USEFUL AND EASIEST SERVICE TO
USE. YOU CAN TRANSFER THE FUNDS IN A FEW SECONDS WITH IN A
COUNTRY BY PAYING MINIMUM CHARGES.
| Is This Answer Correct ? | 120 Yes | 25 No |
Answer / shokath ali
RTGS is the real time gross settlement which is used for the
transfer of Rs 100000 or more from the one bank a/c to the
another bank a/c (any bank located anywhere in India if
attached with internet system)within few minutes at very
minimal charges like only Rs 25 in SBI. For amount less than
Rs 100000 we use NEFT( National Electronic Fund Tranfer).
| Is This Answer Correct ? | 98 Yes | 21 No |
Answer / we can transfer the money thro
real time gross settlement. its is used to make prompt
payment within a minute from 1 bank account to another bank
account across india.
| Is This Answer Correct ? | 73 Yes | 20 No |
Answer / tony
rtgs is an abbreviation of real time gross settlement. it
is the fastest way of sending money from bank to bank
| Is This Answer Correct ? | 69 Yes | 19 No |
Answer / harpreet
RTGS MEANS FUNDTRANSFER FROM ONE BANK A/C TO ANOTHER
FOR EXAMPLE YOUR A/C IN TWO PALCES YOU CAN TRANSFER FUND
FROM ONE A/C TO ANOTHER BY INTERNET SYSTEM WHICH IS USED BY
BANK
| Is This Answer Correct ? | 52 Yes | 22 No |
Answer / unknown
Is it Possible Abroad transfer to India by RTGS?
| Is This Answer Correct ? | 82 Yes | 62 No |
What will be the entry for transfer of fixed deposit amount to their current a/c. (ie. if we hav a FD of Rs.600000 with the bank, we need to close the FD and transfer the amount to the current Account. kindly provide me the entry for this.
EXpand-------KGF
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