RTGS
This query is : Resolved
CS Vandana Kacholia
(Expert)
30 January 2010
RTGS stands for Real Time Gross Settlement. RTGS is the fastest money transferring
mechanism between the banks. In RTGS, the transactions are processed and settled in "Real time" and on "Gross" bases. Once the transaction is settled, it is irreversible.
"Real time" means as and when the transaction is processed. There is no waiting time.
"Gross" means the transaction is settled individually without being clubbed with other transactions.
The goals of RTGS are
1. To reduce settlement risk due to settlement lag
2. To reduce credit risk
3. Speed up the process of high value payments
4. To give accurate position of the participating bank
others views are also invited
mechanism between the banks. In RTGS, the transactions are processed and settled in "Real time" and on "Gross" bases. Once the transaction is settled, it is irreversible.
"Real time" means as and when the transaction is processed. There is no waiting time.
"Gross" means the transaction is settled individually without being clubbed with other transactions.
The goals of RTGS are
1. To reduce settlement risk due to settlement lag
2. To reduce credit risk
3. Speed up the process of high value payments
4. To give accurate position of the participating bank
others views are also invited
CMA Ramesh Krishnan
(Expert)
30 January 2010
Well explained .Agreed
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- EPF ECR NEW FILE SEP 17TH 2026
- Capital Gail Exemption Certificate
- Capitalgain tax purposes for valuation report compulsory
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- GST on Renting godown to KFCSC for Storage of Raagi
- TAX AUDIT ON PROFESSIONAL INCOME
- Oct 2025 Invoices
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- Under marginal scheme
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
