Question
Download Solution PDFIn banking, the full form of RTGS is
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is Real Time Gross Settlement.
- RTGS is a Real-Time Gross Settlement.
Important Points
- It is a financial transaction system having a continuous and real-time settlement of fund transfers.
- The transaction is processed immediately on a transaction by transaction basis throughout the RTGS business hours.
- The minimum limit is 2 lakh rupees with no maximum limit.
- The RTGS service is available both in online and offline modes.
Last updated on Jun 13, 2025
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