What is RTGS Account?
4 Replies
CMA. CS. Sanjay Gupta
("PROUD TO BE AN INDIAN")
(114225 Points)
Replied 17 October 2010
**KK**
(B.Com. MBA. Pursuing CA & CS)
(255 Points)
Replied 18 October 2010
RTGS-Real Time Gross Settlement,
In simple terms RTGS is way of transferring money from one a/c to other a/c with no time(ie., with minimum time of transaction say a minute).
Minimum amount of transfer is 1 lac
No maximum limit
Maximum time taken for transfer is 2 hrs.
MS SAMEER
(CMA*CA*CMDM*ast FUND MANAGER*LEGAL ADVISOR)
(14938 Points)
Replied 18 October 2010
tnq sir
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