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What Is The Time Taken For Effecting Funds Transfer From One Account To Another Under Rtgs? |
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Answer» Under normal circumstances the BENEFICIARY branches are EXPECTED to receive the funds in real time as SOON as funds are transferred by the remitting BANK. The beneficiary bank has to credit the beneficiary’s account within two hours of receiving the funds transfer message. Under normal circumstances the beneficiary branches are expected to receive the funds in real time as soon as funds are transferred by the remitting bank. The beneficiary bank has to credit the beneficiary’s account within two hours of receiving the funds transfer message. |
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