Interested to Buy Any Domain ? << Click Here >> for more details...
what is the meaning of RTGS?
why & where is it used?
- 29 Answers
- 128682 Views
- Accounting, Bosch, Genie Auto, ICICI, Ing Vysya Bank, I also Faced
- E-Mail Answers
Answer Posted / 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 |
Post New Answer View All Answers
I was born on 4th may 1981 iam i eligible to apply for SBI clerical job vacancy
what is the use of accounting standards
EXPAND_________SCM
what do u mean by comparative budget?
What is the meaning of Debt reconciliation and how to do debt reconciliation?
Explain why the assets of a partnership are usually revalued before the admission of a new partner or the retirement of an existing partner
Hello to every body ... Its not its not a interview question In accounting field can we make Money ?
Three steps for correction in BRS?
how many types of practice accounts?
What is a Balance Sheet & Profit & Loss Account?
how to mention last year profit of ay private limited company in current year balance sheet ?
What is Acquisition?
What is Direct Debit
What are Corporate Action?
WHAT IS THE DIFFERENCE BETWEEN PUBLIC COMPANY AND PRIVATE COMPANY? MUTUAL FUNDS? GOOD WILL? ABOUT YOUR PROJECTS?
