Business Studies, asked by paramjyotisingp2rky7, 1 year ago

explain the functions of rtgs(real time gross settlement)

Answers

Answered by Anonymous
1

a. Immediate transfer of money from customer of one bank to customer of another bank



b. Immediate transfer of money from customer of one bank to customer of another branch within the same bank



c. Immediate transfer of money from customer of one bank to customer of another country



d. Immediate transfer of money from customer of one bank to customer of RBI


ANSWER: Immediate transfer of money from customer of one bank to customer of another bank



Real Time Gross Settlement Systems are specialist fund transfer systems where transfer of money takes place on "real time" and on "gross basis"

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