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Subjects>Business>Accounting

What is the expansion of RTGS Code?

Updated: 9/18/2023

Wiki User

∙ 13y ago

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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.

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∙ 13y ago

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Continue Learning about Accounting

Is there anything such as RTGS code?

RTGS means Real Time Gross Settlement

What are the drawbacks of the RTGS?

drawbacks of rtgs

What is the full form of RTGS in Banking Sector?

The full form of RTGS is real time gross settlement.

In bank process what is meant by RTGS?

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?

What do you understand by the term RTGS?

RTGS stands for Real time Gross Sattlement and is used for online transaction of money through various banks.

Related questions

Is there anything such as RTGS code?

RTGS means Real Time Gross Settlement

What is the expansion of U T R in RTGS?

Its Unique Transaction Reference

What is the procedure for making payment through RTGS?

What is meaning of IFSC Code

Full form of RTGS?

RTGS

What are the drawbacks of the RTGS?

drawbacks of rtgs

Rtgs ifsc code and neft ifsc code both r same?

No RTGS stands for Real Time Gross Settlement and NEFT stands for National Electronic Funds Transfer. RTGS is for large transactions where transaction amount is greater than or equal to 2 Lakhs and NEFT is for transactions less than 2 Lakhs. IFSC stands for Indian Financial System Code. It is very useful in Net Banking and PayPal Verification.

Full form of utr no in rtgS?

NEFT : NATIONAL ELECTRONIC FUND TRANSFER RTGS : Real Time Gross Settlement , Minimum Amt Rs 1 lakh IFSC is Indian Financial System Code

Iban code rtgs or ifsc code are same?

IBAN is for European countries IFSC is for India and other non-european countries. IBAN = IFSC

Form of rtgs in union bank of India?

please give the detials of rtgs form

In whose name cheque should be written While doing rtgs?

yourself for RTGS

What is the upper limit of rtgs?

2 lacks is RTGS upper limit. AVIJIT DEBNATH

What is the full form of RTGS in Banking Sector?

The full form of RTGS is real time gross settlement.

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