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RELATING TO RTGS

This query is : Resolved 
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(Querist)
08 August 2008

WHAT IS THE MEANING OF RTGS?
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Vishnu Agarwal

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Vishnu Agarwal (Querist)
08 August 2008 REPLY AS EARLY AS POSSIBLE
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
08 August 2008 RTGS is Real Time Gross Settlement whereby the effects are cleared promptly.
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CA.Tarun Maheshwari

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CA.Tarun Maheshwari (Expert)
08 August 2008 REAL TIME GROSS SETTLEMENT
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Vishnu Agarwal

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Vishnu Agarwal (Querist)
08 August 2008
I AM NOT ASKING THE FULL FORM ONLY BUT ALSO MEANING OF IT.
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Vishnu Agarwal

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Vishnu Agarwal (Querist)
08 August 2008 REPLY AS EARLY AS POSSIBLE
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CA.Tarun Maheshwari

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CA.Tarun Maheshwari (Expert)
08 August 2008 This term is used in context of Banking whereby, the amount is transferred from one account to another account on payment of certain charges. This transferred is made on online basis, and it takes effect maximum in 24 hours, even if it is a transfer of funds to another city and in another bank account
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