Answer / vijay bhaskar reddy(vijji_tv@y

Real Time Gross Settlement. It is the service provided by
the bankers for transfer the amount more than Rs.1,00,000/-
from one bank A/c to another bank A/c any where in India,
with minimum charges of Rs.25/- only.

Answer / uma

Real Time Gross Settlement. It is the service provided by
the bankers for transfer the amount more than Rs.1,00,000/-
from one bank A/c to another bank A/c any where in India,
with minimum charges of Rs.25/- only.

The funds are will be credited to the beneficiary's account
in 2 hours. Cm has to issue a cheque for the said amount
and mention the benficiary bank account number, name and
IFSC code of the branch where the funds are to be
transferred.

Answer / arun jain

RTGS - Real Time Gross Settlement is a service initiated by RBI- Reserve Bank of India, Transaction are done on the Real Time basis means transaction are not subjected to any waiting period. The amount which can be transfer via RTGS should be minimum 1 Lac. There is no maximum limit. To make the transfer below mentioned details has to be provided by the payer.

1. IFSC Code of the Bank
2. Account No. of the benefeciary.
3. Amount.
4. Beneficiery Name

The amount get transfer immediately.

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