what mean rtgs & nfts
Answers were Sorted based on User's Feedback
Answer / kailash
RTGS = Real Time Gross Settelment.
NEFT = National Electronic Fund Transfered (for below 2
Lakh)
| Is This Answer Correct ? | 16 Yes | 1 No |
RTGS stand for real Time Gross Settlement its mean transfer of fund in real time and in Gross settlement in this system funds are transfer instantly approx within 2 Hrs to beneficiary's bank account, which is more then 2 Lake,
NEFT stand for National Electronic Fund Transfer in this system funds are transfer in net settlement, its take more time and transferable less then 2 Lakes.this method is mostly adopt by Small Enterprises.
Some bank have this facilities but not all.
| Is This Answer Correct ? | 1 Yes | 0 No |
what is different between expenses (direct) and direct expenses?
what is the difference between long term debt and short term debt?
what is npa & what are the different types of NPA?
3 Answers State Bank Of India SBI,
CAN PRE OPERATIVE EXPENSES BE CAPITALISED? IF YES, HOW CAN IT BE DONE?
tell me something about urself?
23 Answers Accenture, CMS, Cognizant, ICICI, Nipuna, TCS, Thomas Cook, Wipro,
Rent paid to Land Lord account is credited to 1.Land Lords account 2.Cash account
i m having interview in federal bank for the post of PO, as i hv cleared the written exam. Please tell me how to prepare for that interview?
1 Answers Federal Bank, State Bank Of India SBI,
what is balace sheet??
14 Answers Accounting, Genpact, HDFC, JanPak,
what is the differance bet ween Bill and invoice?
What is TDS?
What is operating profit ? how is it different from Gross profit ?
Q 1. Explain me about the Professional tax.