Banking Term: RTGS

Find important banking term that is useful in upcoming banking exam.

Created On: May 5, 2015 16:05 IST

Banking Term: RTGS

  • Real time gross settlement is a fund transfer mechanism where transfer of money takes place from one bank to another on a real time and on gross basis.
  • This is the fastest possible money transfer system through the banking channel.
  • The RTGS system is primary for large value transaction.
  • The minimum amount is Rs. 1 Lakh and there is no upper ceiling for RTGS transaction while the minimum and maximum stipulation has been fixed for EFT and NEFT.

Jagran Play
रोमांचक गेम्स खेलें और जीतें एक लाख रुपए तक कैश
ludo_expresssnakes_ladderLudo miniCricket smash
ludo_expresssnakes_ladderLudo miniCricket smash

Related Categories

Related Stories

Comment (0)

Post Comment

9 + 0 =
Post
Disclaimer: Comments will be moderated by Jagranjosh editorial team. Comments that are abusive, personal, incendiary or irrelevant will not be published. Please use a genuine email ID and provide your name, to avoid rejection.