English, asked by logfanpaul, 1 year ago

Define RTGS ,..........

Answers

Answered by Anonymous
11
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Real Time Gross Settlement (RTGS) is an electronic form of funds transfer where the transmission takes place on a real time basis. In India, transfer of funds with RTGS is done for high value transactions, the minimum amount being Rs 2 lakh. The beneficiary account receives the funds transferred, on a real time basis...

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Answered by graxx
12

RTGS :- Its stands for Real Time Gross Settlement .  It refers to a fund transfer system where transfer of fund takes place from one bank to another on a real time and gross basis settlement .



Minimum transaction on value for RTGS is ₹ 2,00,000 .

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