what is the meaning of RTGS?
why & where is it used?
Answers were Sorted based on User's Feedback
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
Answer / unknown
Is it Possible Abroad transfer to India by RTGS?
Is This Answer Correct ? | 82 Yes | 62 No |
Please help in payroll accounting in tally 9.0, by all means and all things in it (Ex:creation of pay heads, employyes groups, etc and other things which are necessary for payroll accounting).
5 Answers ABC, Accounting, Aplomb, Infowaves, NIIT, Veekshanam, Wipro,
What is contingent liability? Ex
describe the most complex challenge that you have faced and how you managed it
An applicant paid excess amount to the Government Office through a demand draft for a particular permission/license instead of actual fees. Later he went to government office and requested to return the previously submitted demand draft. Can he get back the Previously submitted demand draft(which was not adjusted into government account) duly paying he actual fee?
what do you mean by contra entry? and where it is used?
34 Answers Accenture, AXA, L&T,
expand V R S
in BRS. cash book and pass book has Dr. side and Cr. side If we issued a cheque where we have to show that amount in both.
send me accounting test ppaers
what is the role of journal in accounts
what is debtors?
If we (Company Side) call a engginier (supplier) for Repair & Maintenance & arrange loading & boarding for him, then this loading & Boarding expens will be booked in Repair & Maintenance or Entertainment.
Mac Purchased on 15th Jan 12000/- 30th June Machinery damaged due to Fire Accident 31st Dec received the Insurance Premium 13000/-. Pass the Journal Entry for all the above three