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Is RTGS permissible between branches of different banks and Can you transact funds from PNB to Dena bank if both the branches are RTGS enabled?
Wiki User
∙ 13y ago
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.
Wiki User
∙ 13y ago
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