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RTGS Stands For

RTGS stands for Real Time Gross Settlement. u2018Real Timeu2019 means the processing of instructions at the time they are received; u2018Gross Settlementu2019 means that the fund transfer occurs individually.

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RTGS Stands For

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  1. What is RTGSStands For Best payment Gateway in India

  2. What is RTGS? & What’s RTGSStands For • RTGS Stands For Real Time Gross Settlement.  ‘Real Time’ means the processing of instructions at the time they are received; ‘Gross Settlement’ means that the fund transfer occurs individually. • This is a type of fund settlement process that is used for bank transfers that are high-value. This is because the minimum transaction amount is INR 2 lakh.

  3. Features of RTGS  • Some of the key features of RTGS include:  • Real-time online fund transfer • Suited for high-value transactions ie above Rs. 2 lakhs  • Safe and secure, with RBI’s backing • Quick settlement and takes only up to 2 hours to reflect at the beneficiary’s end • Available 24×7 

  4. What is the RTGS Funds Transfer procedure? • The RTGS (Real-Time Gross Settlement) funds transfer procedure is a real-time money transfer system that facilitates large-value interbank transactions. It involves the immediate transfer of funds from one bank to another on a gross basis, which means that transactions are settled individually and not bundled with others. The process is highly secure and fast, with transactions usually being settled within a few hours.

  5. Thank you!

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