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What it RTGS Transaction in bank and how it works ?

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 February 2011 Kindly help me out to understand the same.
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K V Subba Rao

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K V Subba Rao (Expert)
16 February 2011 RTGS stands for Real Time Gross Settlement. It facilitates quick transfer of funds. For its features etc, check the following link---

http://www.rbi.org.in/scripts/FAQView.aspx?Id=65

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