Скачать или смотреть Tip #5 RTGS Features Explained in Hindi | Difference between NEFT and RTGS |Real Time Gross System|

Tip #5 RTGS Features Explained in Hindi | Difference between NEFT and RTGS |Real Time Gross System|

Real Time Gross Settlement (RTGS)

RTGS is defined as the continuous (real-time) settlement of funds transfers individually on an order by order basis (without netting). 'Real Time' means the processing of instructions at the time they are received rather than at some later time; 'Gross Settlement' means the settlement of funds transfer instructions occurs individually (on an instruction by instruction basis). Considering that the funds settlement takes place in the books of the Reserve Bank of India, the payments are final and irrevocable. The RTGS system is primarily meant for large value transactions. The minimum amount to be remitted through RTGS is 2 lakh. There is no upper ceiling for RTGS transactions. The RTGS service for customer's transactions is available to banks from 9.00 hours to 16.30 hours on week days and from 9.00 hours to 14:00 hours on Saturdays for settlement at the RBI end. However, the timings that the banks follow may vary depending on the customer timings of the bank branches.

About the speaker:-

Apoorva Bhatnagar is an acting Virtual Chief Financial Officer working with corporates to Increase Financial Literacy. She is an ex-banker and has an overall experience of close to a decade in banking. She possesses a certificate of CAIIB from Banking and finance. She completed her MBA in Banking and B.Tech in Information Technology.

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Website -:
https://www.abearnlearnsave.com/
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One Tip One Day (Series -4) Focusses on Financial Literacy.

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