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What Is The Meaning Of Rtgs In Banking? |
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Answer» RTGS stands for Real Time Gross Settlement. RTGS is one of the main payment and settlement systems in India. To make a payment USING RTGS, one requires DETAILS like name of the ACCOUNT HOLDER, account number and the IFSC code of the bank. Money can be transferred from one bank account to another safely using RTGS. IFSC code is often referred to as RTGS code or NEFT code for the same reason. RTGS stands for Real Time Gross Settlement. RTGS is one of the main payment and settlement systems in India. To make a payment using RTGS, one requires details like name of the account holder, account number and the IFSC code of the bank. Money can be transferred from one bank account to another safely using RTGS. IFSC code is often referred to as RTGS code or NEFT code for the same reason. |
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