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What is full form of RTGS in Banking?

Updated: 4/28/2022

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∙ 11y ago

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real time gross settlement

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∙ 11y ago

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What is the full form of RTGS in Banking Sector?

The full form of RTGS is real time gross settlement.

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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 the RTGS?

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RTGS stands for Real Time Gross Settlement. It is an electronic funds transfer facility available for banking customers in India which can be used to move funds from one account to another. It is used for high value transactions (Usually atleast a few lacs) and the money is usually received the same business day by the target party.

What is the full form of RTGS in bank term?

RTGS stands for Real Time Gross Settlement. It is an electronic funds transfer facility available for banking customers in India which can be used to move funds from one account to another. It is used for high value transactions (Usually atleast a few lacs) and the money is usually received the same business day by the target party.

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