Question

what is meant by RTGS

Answer 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.

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hope it helps!!

Answer 2

Hey mate, here is your answer -:)

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Real Time Cross 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 of 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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HOPE it helps to you!!!