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What is RTGS System?



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.

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Dear all, Let me introduce myself first. Myself is Meera. I have done B.Com and after that i have completed PGDBM(Finance) in 2007 after that i was with ICICI Bank Ltd. I left that job and as of now i didn't get job due to the mobility problem as i want job in gandhidham. Moreover i want to do some courses of Stastics. So if anyone have knowledge regarding short-term stastics courses plz let me inform abt that and if there a job for PGDBM (Finance) then also plz guide me .

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