What is RTGS system and when it was formulated and who?

Answers were Sorted based on User's Feedback



What is RTGS system and when it was formulated and who?..

Answer / bhupender janmejai

REAL TIME GROSS SETLEMENT SYSTEM,have u noticed when we go to a bank to deposit money we get the fund in our bank account within minutes,this is due to the use of electronic fund transfer that most banks are using nowadays.

Is This Answer Correct ?    8 Yes 1 No

What is RTGS system and when it was formulated and who?..

Answer / jaydee banerjee

RTGS' stands for Real Time Gross Settlement.All the bank
branches in India are not RTGS enabled. As on September 29,
2011, there are more than 78,000 RTGS enabled bank branches.

Is This Answer Correct ?    1 Yes 0 No

Post New Answer

More Accounting AllOther Interview Questions

explain the difference between LIFO and FIFO?

0 Answers   IOCL,


In direct and indirect expenses we know direct means expenses incured durning prodution process, indirect means expenses incureed after prodution process, apart from manufacturing concern , what do mean by direct & indirect expenses.

3 Answers  


What are the Types of invoices batching? & what is 3 way batch?

0 Answers   Wipro,


diiffrence b/w provsion & reserve

7 Answers  


Tell us your experience in cost accounting?

0 Answers   NCC,






hi, im an MBA FINANCE FRESHER, wht are the career opportunities at BPO's for me bcoz may ppl say that starting up a career in BPO does not have any weighted or does not fetch any good experience, so kindly advice me on this plz..

3 Answers  


What is the uses of invoices? how many types of invoices, and difference between invoice and voucher, invoice and bill?

1 Answers   Impetus,


what do u mean by comparative budget?

0 Answers  


BY WHOME THE BANK RECONSILIATION STATEMENT IS PREPARED

44 Answers   Capital IQ, CPT, ICICI,


AllAccounts Assistant Interviews Questions?

0 Answers  


Take me through the entire vendor cycle.

0 Answers   Keane India Ltd,


what is tax?

51 Answers   CRP, Genpact, Kotak, Xpitax, Zenta,


Categories