Business Studies, asked by sarangkhatiyan1, 6 months ago

explain electronic banking services RTGS

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Answered by parmjeetkaurvarpal

1

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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