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RTGS

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(Querist)
12 February 2009 Sir,

What is RTGS fciility. Who can avail it and waht are the charges . IN which case it is posible.'
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K V Subba Rao

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K V Subba Rao (Expert)
12 February 2009 The acronym 'RTGS' stands for Real Time Gross Settlement. 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.

Please check the following Link:
https://www.rbi.org.in/SCRIPTs/FAQView.aspx?Id=65
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