Interested to Buy Any Domain ? << Click Here >> for more details...
WHAT IS RTGS
- 7 Answers
- 14293 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 |
Maintaining assets register
define contra entry?
why creditors a/c dr. to discount received a/c ?
Tell me what is the general classification of accounts that usually ledger account involve?
What is debit and credit?
Accounting and Accountancy
How to pass entry for fllowing instance in tally or journal entry: Imported goods worth Rs.17,000/-.Invoice value is Rs.17000/- (its incl. Rs.6,000/- freight), duty for this is Rs.4500/- (its seperate).Kindly tel me how to pass entry for the above?
under which head should be the p & l appropriation a/c should be opened in tally 9? and how to preapare and display it?
being a b.sc(biotechnology) student, am i eligible to work in accounting sector. If yes what all i need to do.???
who will appoint first board of director of the company
What do we mean by purchase return in accounting?
what is penaultimate sale
Audit 
