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what is the meaning of RTGS?
why & where is it used?

Answers were Sorted based on User's Feedback



what is the meaning of RTGS? why & where is it used?..

Answer / durga sankar

RTGS means Real Time Gross Settlement. It is used for
immediate payment which is affect in party account within
minutes.

Is This Answer Correct ?    667 Yes 66 No

what is the meaning of RTGS? why & where is it used?..

Answer / anupama

RTGS is the real time gross settlement which is used for the
transfer of Rs 100000 or more from the one bank a/c to the
another bank a/c (any bank located anywhere in India if
attached with internet system)within few minutes at very
minimal charges like only Rs 25 in SBI. For amount less than
Rs 100000 we use NEFT( National Electronic Fund Tranfer).

Is This Answer Correct ?    571 Yes 74 No

what is the meaning of RTGS? why & where is it used?..

Answer / sujit kumar choudhury

RTGS means Real Time Gross Settlement. It is used for
immediate payment which is affect in party account within
minutes.

Is This Answer Correct ?    209 Yes 32 No

what is the meaning of RTGS? why & where is it used?..

Answer / hemal gandhi

RTGS is the real time gross settlement which is used for the
transfer of Rs 100000 or more from the one bank a/c to the
another bank a/c (any bank located anywhere in India if
attached with internet system)within few minutes at very
minimal charges like only Rs 25 in SBI. For amount less than
Rs 100000 we use NEFT( National Electronic Fund Tranfer).

Is This Answer Correct ?    178 Yes 30 No

what is the meaning of RTGS? why & where is it used?..

Answer / hamid khan

IN NOW A DAYS RTGS IS VERY USEFUL AND EASIEST SERVICE TO
USE. YOU CAN TRANSFER THE FUNDS IN A FEW SECONDS WITH IN A
COUNTRY BY PAYING MINIMUM CHARGES.

Is This Answer Correct ?    120 Yes 25 No

what is the meaning of RTGS? why & where is it used?..

Answer / shokath ali

RTGS is the real time gross settlement which is used for the
transfer of Rs 100000 or more from the one bank a/c to the
another bank a/c (any bank located anywhere in India if
attached with internet system)within few minutes at very
minimal charges like only Rs 25 in SBI. For amount less than
Rs 100000 we use NEFT( National Electronic Fund Tranfer).

Is This Answer Correct ?    98 Yes 21 No

what is the meaning of RTGS? why & where is it used?..

Answer / we can transfer the money thro

real time gross settlement. its is used to make prompt
payment within a minute from 1 bank account to another bank
account across india.

Is This Answer Correct ?    73 Yes 20 No

what is the meaning of RTGS? why & where is it used?..

Answer / tony

rtgs is an abbreviation of real time gross settlement. it
is the fastest way of sending money from bank to bank

Is This Answer Correct ?    69 Yes 19 No

what is the meaning of RTGS? why & where is it used?..

Answer / harpreet

RTGS MEANS FUNDTRANSFER FROM ONE BANK A/C TO ANOTHER
FOR EXAMPLE YOUR A/C IN TWO PALCES YOU CAN TRANSFER FUND
FROM ONE A/C TO ANOTHER BY INTERNET SYSTEM WHICH IS USED BY
BANK

Is This Answer Correct ?    52 Yes 22 No

what is the meaning of RTGS? why & where is it used?..

Answer / unknown

Is it Possible Abroad transfer to India by RTGS?

Is This Answer Correct ?    82 Yes 62 No

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