Q.
What is the meaning of RTGS?
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rtgs
Asked by Sameer Shaikh,
28 Apr '12 08:40 pm
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Answers (6)
1.
The acronym RTGS refers to for Real Time Gross Settlement, it is a unique and popular fund transfer mechanism which enables the transfer of money between two banks on a real time and on gross basis.
Answered by Prince Deva, 28 Apr '12 08:47 pm
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2.
RTGS is a centralized payment system in which, inter-bank payment instructions are processed and settled, transaction by transaction (one by one) and continuously (online) throughout the day, as and when the instructions are received and finally accepted by the system.
Answered by anil garg, 28 Apr '12 09:50 pm
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