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what is the meaning of RTGS?
why & where is it used?
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Answer Posted / shahid
It is Real Time Gross Settlement, which is used to transfer
huge sum from one bank a/c to another bank a/c. The charges
of RTGS above RS. 5,00,000/- is 50 /- and below 5,00,000/-
is 25 /- as per SBI. It is the fastest way to tranfer money.
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