kan1971

 Profile Answers by kan1971 

• Jul 5th, 2009

 

Real time gross settlement systems (RTGS) are a funds transfer mechanism where transfer of money takes place from one bank to another on a one to one bill settlement basis. The transactions are settled as soon as they are processed. 

gsnsradha

 Profile Answers by gsnsradha 

• Jul 17th, 2009

 

RTGS means Fund Transfer to Vendor

ravikumar.PR

 Profile Answers by ravikumar.PR 

• Aug 5th, 2009

 

RTGS in banking means fund transfer from one bank branch to another bank branch in real time with gross settlement. Real Time Gross Settlement is the full form for RTGS

sanjivani.patil

 Profile Answers by sanjivani.patil 

• Sep 23rd, 2009

 

Real time gross settlement systems (RTGS) .RTGS system is a funds 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. Settlement in 'real time' means payment transaction is not subjected to any waiting period. The transactions are settled as soon as they are processed. 'Gross settlement' means the transaction is settled on one to one basis without bunching with any other transaction. Considering that money transfer takes place in the books of the Reserve Bank of India, the payment is taken as final and irrevocable.