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WHAT IS RTGS
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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 |
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