What is RTGS System?
Answer / deepak
The acronym '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. Settlement in 'real time' means payment transaction is not subjected to any waiting period. The transactions are settled as soon as they are processed. 'Gross settlement' means the transaction is settled on one to one basis without bunching with any other transaction.
Is This Answer Correct ? | 0 Yes | 0 No |
What is Cash profit?
What Is Credit Management System?
What is personal account?
What is hired purchasing?
Explain the role of SEBI?
0 Answers State Bank Of India SBI,
Iam a MBA 1st sem student so how do fase the campus interview which books i study
What is Basel II, is it helpful?
What are the Non Performing assets of a company
What is gross profit ratio? What does it indicate?
Iam an MBA student.I need guidance to prepare for AMAZON COMPANY. can u post papers to ammuprathyu@ymail.com
What is Call money market?
What is a media trial?