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?
It refers to Real Time Gross Settlement It is a service offered by the Reserve Bank of India to process high value cash transactions safely between two accounts.
drawbacks of rtgs
RTGS means Real Time Gross Settlement
The full form of RTGS is real time gross settlement.
RTGS stands for Real time Gross Sattlement and is used for online transaction of money through various banks.
please give the detials of rtgs form
The charges for RTGS (Real Time Gross Settlement) and NEFT (National Electronic Funds Transfer) vary from bank to bank. Typically, RTGS charges are higher than NEFT charges because RTGS is used for high-value, time-sensitive transactions. It is recommended to check with your specific bank for the most accurate and up-to-date information on these charges.
Through PDF
IFSC-RTGS and NEFT Codes of any bank can be located in their respective Bank Sites.
It refers to Real Time Gross Settlement It is a service offered by the Reserve Bank of India to process high value cash transactions safely between two accounts.
National electronic funds transfer.......
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
drawbacks of rtgs
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.
RTGS means Real Time Gross Settlement
All Bank Branches of State Bank of India are now enabled for RTGS(Real Time Gross Settlement) Transactions.