If you are asking about acceptance from the receiver - then No. You only need to confirm with your own bank where you maintain the account, enter details of the receiver and initiate the RTGS transfer. The money will reach the intended party the same day
NEFT : NATIONAL ELECTRONIC FUND TRANSFER RTGS : Real Time Gross Settlement , Minimum Amt Rs 1 lakh IFSC is Indian Financial System Code
RTGS
A wire transfer is where money is sent to someone else at another location,a transfer is when money is taken from one account you hold and put into another account you hold. It's a different process. A transfer is usually much quicker than a wire. I don't know how helpful this was, but there you go.
Yes. Some times its the same as for checks, but usually different
UTR no. means : Unique transaction Reference no. This UTR no. is generated when we raise the request of RTGS in system.
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?
They have different atoms
If you are asking about acceptance from the receiver - then No. You only need to confirm with your own bank where you maintain the account, enter details of the receiver and initiate the RTGS transfer. The money will reach the intended party the same day
RTGS transfer, NEFT transfers, SWIFT transfers, all of them
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. It can be initiated between all banks in India as long as they are registered with RTGS. Both PNB and Dena bank are registered banks with respect to RTGS and you can do it.
NEFT : NATIONAL ELECTRONIC FUND TRANSFER RTGS : Real Time Gross Settlement , Minimum Amt Rs 1 lakh IFSC is Indian Financial System Code
16.2 16 digit numbers and 2 digit decimal places.
RTGS
drawbacks of rtgs
Wire Transfer is a method of transferring money from one area to another area around the world to money exchange companies or banks as well. Wire Transfer require some cost of sending money to different places and is a fast way to transfer money globally.
A wire transfer is where money is sent to someone else at another location,a transfer is when money is taken from one account you hold and put into another account you hold. It's a different process. A transfer is usually much quicker than a wire. I don't know how helpful this was, but there you go.