RELATING TO RTGS

This query is : Resolved 

08 August 2008

WHAT IS THE MEANING OF RTGS?

08 August 2008 REPLY AS EARLY AS POSSIBLE

08 August 2008 RTGS is Real Time Gross Settlement whereby the effects are cleared promptly.


08 August 2008 REAL TIME GROSS SETTLEMENT

08 August 2008
I AM NOT ASKING THE FULL FORM ONLY BUT ALSO MEANING OF IT.

08 August 2008 REPLY AS EARLY AS POSSIBLE

08 August 2008 This term is used in context of Banking whereby, the amount is transferred from one account to another account on payment of certain charges. This transferred is made on online basis, and it takes effect maximum in 24 hours, even if it is a transfer of funds to another city and in another bank account



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