WHAT IS THE MEANING OF R.T.G.S USING IN A BANK.

Answer Posted / 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



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

In South Africa, the value added tax is administered by?

1236


What are the most important goals of accounts receivable?

655


What are negative postings?What are Credit memos ?Payment Requests ?

1739


Define scrap value in accounting?

714


What does the standard journal entry includes?

614






When their is one pick point and four unloading places with in same district their is need to write four number of way biils

1385


what is the basic difference between pooling of interest method and purchase method in amalgamation

3197


i am normally accountant. i am not a CA. then i learn a account maintain

1376


What do we mean by Redemption of shares and debentures?

1900


payment voucher for advance salary

950


Why do you want to be an accountant?

640


WHETHER CAPITAL RESERVE CREATED OUT OF SALE OF FIXED ASSETS OVER AND ABOVE THE COST BE TRANSFERED TO PROFIT AND LOSS ACCOUNT

1602


What's the accounting entry when an Invoice is created in AR?

1595


Anti Takeover policies

1676


Explain a time when you have not met your goal?

629