Interested to Buy Any Domain ? << Click Here >> for more details...
This forum is for all the guys around who are preparing for
Bank PO, so all u people out there just post in your views
and comments here on this forum.
Let's help each other and together we will create sucess
- 38 Answers
- 72953 Views
- BSRB, I also Faced
- E-Mail Answers
Answer Posted / nitiin
Q1. What is RTGS System?
Ans. 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. Considering that money
transfer takes place in the books of the Reserve Bank of
India, the payment is taken as final and irrevocable.
Q2. How RTGS is different from Electronic Fund Transfer
System (EFT) or National Electronics Funds Transfer System
(NEFT)?
Ans .EFT and NEFT are electronic fund transfer modes that
operate on a deferred net settlement (DNS) basis which
settles transactions in batches. In DNS, the settlement
takes place at a particular point of time. All transactions
are held up till that time. For example, NEFT settlement
takes place 6 times a day during the week days (9.00 am,
11.00 am, 12.00 noon. 13.00 hours, 15.00 hours and 17.00
hours) and 3 times during Saturdays (9.00 am, 11.00 am and
12.00 noon). Any transaction initiated after a designated
settlement time would have to wait till the next designated
settlement time. Contrary to this, in RTGS, transactions are
processed continuously throughout the RTGS business hours.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
what is the best book for bank po exam
i am life sciences graduate.how should i justify this degree with bank po in the interview?
please contribute all those who are appearing for idbi assistant manger interview............will b helpful for all of us
why job in bank is good for women
i have been shortlisted for syndicate bank's asstt marketing manager interview. please help with some interview questions.
how to crack bank po written exam?
plz giv rplyy to these ques. ,,related to bank interview 1)being an engineer ,iwhile qualified bank written exam,,what will u do,if you will get opportunity in engineering??? 2)how long wud u stay wid us or how long u will bring a meaningfull contribution to our firm?????? 3)define the role of junior management officer in private bank?
hi plz help me i m filling sbi asso po biodata form what should i write in the subject studied coloumn where they have asked about the semester marks as there is not enough space even to write the shor form of the subject in a semester plzz help
hi.......i have attempted syndicate bank po exam on 29.08.10.i have done 80% in apps,reason,computer,english.i have done only 50% in general awareness?Is it enough to clear the exam
I m a BTECH ELECTRICAL ENGINEER.Please can u give some questions and answers asked in icici bank for the po post.
you are a insurance ooficer you have to motivate a customer ding a insurance policy but he is uneducated but that have much money how to moite vate
well friends hello to everybody i have been selected for state bank of hyderabad as po.i also qualified for sbi interview for po.any idea what topics to prepare for GD specially for PO(rural business)
sir my name is bala krishna i want to write bank baroda pos exam but after write the exam when the the result is held ,how many taken for that.....thank you sir.....
People who dont have the application form print out please suggest something to get rid of this pbm
Question Bank exam for - Porbationary officer model qustion papers I want Please send by email id. as soon as possible
