Business Studies, asked by Anonymous, 9 months ago

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Answered by pooja17966

Answer:

real time gross settlement( RTGS) is an electronic machine of funds transfer where the transmission takes place on a real time basis. in India transfer of funds with RTGS.

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Answered by Anonymous

Answer:

The acronym 'RTGS' stands for Real Time Gross Settlement, which can be defined as the continuous (real-time) settlement of funds individually on an order by order basis (without netting). 'Real Time' means the processing of instructions at the time they are received rather than at some later time.'Gross Settlement' means the settlement of funds transfer instructions occurs individually (on an instruction by instruction basis). Considering that the funds settlement takes place in the books of the Reserve Bank of India, the payments are final and irrevocable.

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