What is the meaning of RTGS & its working ?
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Answer / gangaprasad.a
RTGS means Real time gross setilment, it is used for online
money transfer one account to onther account.
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Answer / jk
The full form of RTGS is Real Time Gross Settlement.Its a type of form for fund transfer of more than Rs.200000/- from one bank to another bank within a very short time period like 1hr to 2hrs in the same country and for 1 or 2 days from one country to other country and this transaction is cleared by RBI within specified working period of bank i.e 3.30pm in India.If amount of fund transfer is less than or equal to Rs.200000/- then the same process is done by NEFT form.
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Hi,Friends, I have a simple question in my mind that I have one head office that in faridabad and other branch in delhi,i purchase material in delhi for availing the tax benefit in delhi then i transfer the same material to head office(faribabad) agianst "F" form,i purchased material in delhi basic price rs. 5 +.42 taxes it comes rs. 5.42/-,my question is on which amount i should transfer the material from delhi to faridabad i.e 5,5.42 or 5 + freight(if any).kindly please solve my problem.
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