Answer Posted / nitiin

Q1. What is RTGS System?
Ans. The acronym "RTGS" stands for Real Time Gross
Settlement. RTGS system is a funds transfer mechanism where
transfer of money takes place from one bank to another on a
"real time" and on "gross" basis. This is the fastest
possible money transfer system through the banking channel.
Settlement in "real time" means payment transaction is not
subjected to any waiting period. The transactions are
settled as soon as they are processed. "Gross settlement"
means the transaction is settled on one to one basis without
bunching with any other transaction. Considering that money
transfer takes place in the books of the Reserve Bank of
India, the payment is taken as final and irrevocable.
Q2. How RTGS is different from Electronic Fund Transfer
System (EFT) or National Electronics Funds Transfer System
(NEFT)?
Ans .EFT and NEFT are electronic fund transfer modes that
operate on a deferred net settlement (DNS) basis which
settles transactions in batches. In DNS, the settlement
takes place at a particular point of time. All transactions
are held up till that time. For example, NEFT settlement
takes place 6 times a day during the week days (9.00 am,
11.00 am, 12.00 noon. 13.00 hours, 15.00 hours and 17.00
hours) and 3 times during Saturdays (9.00 am, 11.00 am and
12.00 noon). Any transaction initiated after a designated
settlement time would have to wait till the next designated
settlement time. Contrary to this, in RTGS, transactions are
processed continuously throughout the RTGS business hours.

Has anyone any idea about when will be the UCO Bank PROBATIONARY OFFICERS (PO) interview when exam help ON 30 Jan 2011. anyone got call letters or email ?

1655

---

please............... mail bank po quetion papers with solution and trick to crack the bank po exam emailid deepika22589@yahoo.in

1937

---

hi friends. i have cleared ibps po exam. i have completed post graduation in computer applications. i have only cumulative mark sheet for my under graduation. i lost my individual marksheets. is it compulsary for ibps po interview. plz reply me. thanks in advance.

2291

---

Hi All If any one of you wanna banking related interview preparation then contact me on pksingh1512@gmail.com. Currently i am located in Navi Mumbai-Vashi

2009

---

why do you wnt to join in ban rathe than other fields?

6309

---

---

if anyone has already given gd & pi of sbi po, could u please send some information about gd topics to my email id patilvb4008@gmail.com

1799

---

please mail me the frequent questions asked at the time of den bank interview.

1737

---

hi i m Kirti kumar have been selected in written in IDBI for post of AGM please if someone have idea post question on my email- deepak85.1986@gmail.com or contact me on - 9582955061

1610

---

hi plz help me i m filling sbi asso po biodata form what should i write in the subject studied coloumn where they have asked about the semester marks as there is not enough space even to write the shor form of the subject in a semester plzz help

3993

---

please contribute all those who are appearing for idbi assistant manger interview............will b helpful for all of us

1618

---

how to crack bank po written exam?

1704

---

Hello I am a Graduate can anyone tell me which is the good coaching center for Bank PO in Hyderabad and the fee structure.and details.I am week in Maths

1617

---

i have been shortlisted for syndicate bank's asstt marketing manager interview. please help with some interview questions.

4566

---

sir...i am a electronics and communication btech graduate...can you plz give me answer 4 the question for sbi bank po..how could you utilize your technical skills for the benefit of bank???

1527

---

Hi i am priya i have applied karnataka bank Po officers exam let me know what is the syllabus for that exam if anyone attended send me the pattern.

2163

---