“व्यक्ति अपने आचरण से महान होता है जन्म से नहीं |”
Loading...

Jaimahesh - IFSC code, MICR code

  1. Home
  2. bank faq
  3. what is rtgs ?

In realty day to day life we heard or speak many time term RTGS. But if you don't know what is this. Don't worry lets understand briefly

RTGS - Real Time Gross Settlement System

RTGS as term explained it is system which is continuous and real-time settlement of fund-transfers. This is key importantce of RTGS. It means as soon as we initiate payment transfer ( RTGS ) request, this system start processing without any delay.

In other way we can see by diving this RTGS system in two ways :-

Real Time - means the processing of instructions at the time they are received

Gross Settlement - means that the settlement of funds transfer instructions occurs individually.

 


0 Like
  0 Unlike