WHAT IS RTGS
- 7 Answers
- 12245 Views
- Capital IQ, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / nagesh
RTGS means Real Time Gross Settlement.
It is related to wire transfere facility and it is
introduced by banks when high value cheque clearing system
was demolished by govt.
| Is This Answer Correct ? | 24 Yes | 1 No |
Answer / vinod
RTGS. A system that streamlines that settlement of large-
value transactions between banks and other financial
institutions. Instead of moving physical amounts of cash,
the banks transfer funds electronically. When one bank
transfers money to another, the funds are immediately
credited to the second bank and debited to the first.
| Is This Answer Correct ? | 20 Yes | 0 No |
Answer / tushar
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.
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / m.balraj goud&ravikiran
real time gross settlement
it is introduced by banks for instant clearing of gross
amount of cheques by this it very easy to clear the cheque
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / naresh
RTGS stands for real time gross settlement. this system is
use for large-value transactions between banks.the banks
transfer funds electronically.(For this we have to submit
our banks details & RTGS no. to the Other Company or Party)
| Is This Answer Correct ? | 1 Yes | 0 No |
sir if we make purchase and sale for the same pary for the same amount what adjusting entry have to be passed to close that entry in tally. while taking bill wise details we can see the dr. cr.and have to cancell that
What is Capital Market India in your own Words?
Which Entries Or Transactions Are Entered In Journal Voucher?
what do you mean by debt equity ratio?
what is eps
What do we mean by Redemption of shares and debentures?
What is the objective of the balance sheet?
Suppose you buy a one-year government bond that has a maturity value of Rs.1000. The market interest rate is 8 per cent. (a) How much will you pay for the bond? (b) If you purchase the bond for Rs.904.98, what interest rate will you earn from this investment?
If the company acquires equipment prior to incorporation what are the accounting entries?
what is different between leaser of subsidary book and journal?
wate is the TDS
What is the treatment of loan and its interest in trading profit and loss ,balance sheet
Audit 
