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what is the meaning of RTGS?
why & where is it used?
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- Accounting, Bosch, Genie Auto, ICICI, Ing Vysya Bank, I also Faced
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Answer Posted / radhika
RTGS - REAL TIME GROSS SETTLEMENT, Which is used to
transfer money from one bank A/C to another bank A/C(any
bank located anywhere in India if
attached with internet system)In this RTGS Minumum funds
transfer is 200000,Charges will be applicable,depend upon
the banks
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