Beruflich Dokumente
Kultur Dokumente
By Pravah Shukla
PGDM I
@ IISE
RTGS
RTGS
RTGS stands for Real Time Gross Settlement.
Transfer of money from one bank to another
on a ‘real time’ basis and on ‘gross’ basis.
Real time means payment transaction is not
subjected to any waiting period
Gross settlement means the transaction is
settled on one to one basis without
bunching with any other transaction.
Once processed, payments are final and
irrevocable .
MINIMUM / MAXIMUM AMOUNT
STIPULATION FOR RTGS
TRANSACTIONS
RTGS NEFT