3. Write a short note on: RTGS and M – banking.
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RTGS is also referred to as 'real time gross settlement' and NEFT is the short form for 'national electronic funds transfer'. These are methods of transferring money through an online system. It is a automated process enabled by the banks for the benefit of any form of business transactions or personal transaction.
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1
Answer:
RTGS is also referred to as 'real time gross settlement' and NEFT is the short form for 'national electronic funds transfer'. These are methods of transferring money through an online system. It is a automated process enabled by the banks for the benefit of any form of business transactions or personal transaction.
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