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what is the meaning of RTGS?
why & where is it used?
- 29 Answers
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Answer / harpreet singh
R= real,T= time, G= gross,S= settlement by bank with in few
seconds by internet. it may save ur & banks time for
transactions
| Is This Answer Correct ? | 14 Yes | 2 No |
Answer / prachi
RTGS means Real Time Gross Settelment which means it can be
used for immediate payment within minutes.
| Is This Answer Correct ? | 12 Yes | 4 No |
Answer / pooja shyam sunder purohit
RTGS. A system that streamlines that settlement of large-
value transactions between banks and other financial
institutions. Instead of moving physical amounts of cash,
the banks transfer funds electronically. When one bank
transfers money to another, the funds are immediately
credited to the second bank and debited to the first.
| Is This Answer Correct ? | 14 Yes | 6 No |
Answer / surendra
RTGS means Real Time Gross Settlement,used for trasfer of
fund by internet banking with in few time period.
| Is This Answer Correct ? | 10 Yes | 2 No |
Answer / sneha n. pujary
RTGS is 'Real Time Gross Settlement'. It is a means through which the funds can be transfered from one bank to another bank within few minutes. In this the amount of transfer should be more than Rs. 1,00,000. The transfer below Rs. 1,00,000 is known as NEFT- 'National Electronic Fund Transfer'. RTGS is carried out through RTGS Code which should be of 11 digits and the other banks account number.Its is basically used to make quick payment to parties as the transfer takes hardly few minutes.
| Is This Answer Correct ? | 9 Yes | 1 No |
Answer / krishna murthy gm
RTGS means Real Time Gross Settelment which means it can be
used for immediate payment within minutes. EXAMPLE YOUR A/C
IN TWO PLACES YOU CAN TRANSFER FUND FROM ONE A/C TO ANOTHER
BY INTERNET SYSTEM WHICH IS USED BY BANK
| Is This Answer Correct ? | 9 Yes | 2 No |
Answer / monalisa singh
rtgs means real time gross setelement .it is used for quick
payment.
| Is This Answer Correct ? | 9 Yes | 2 No |
Answer / ramesh
RTGS means Real Time Gross Settlement. It is used for
immediate payment which is affect in party account within
minutes.
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / isaac kamya
RTGS-means Real Time Gross Settlement,
it used for immediate payment from one active account to
another active account.
normally it ranges from 100000 or more it can be done in
few minutes.
it is so fast interms of time.
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / jan
RTGS is a real time gross settlement or we can say it a
software that helps in transferring of money with saving time
| Is This Answer Correct ? | 6 Yes | 2 No |
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