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Define RTG in banking term

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Anonymous

∙ 12y ago
Updated: 9/17/2023

RTGS stands for Real Time Gross Settlement. It is an electronic funds transfer facility available for banking customers 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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∙ 12y ago
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