RTGS stands for Real Time Gross Settlement. It is a payment system used for large value transactions. RTGS is a fund transfer system where the transfer of money takes place in real-time and on a gross basis. It is used for high-value transactions that require immediate clearance and settlement. The minimum amount for RTGS transactions varies from country to country. RTGS is commonly used for transactions such as interbank transfers, large business payments, and government transactions. Examples of countries that have RTGS systems include India, the United States, and the United Kingdom.

Conneqt Business Solutions Interview Questions: What is RTGS

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What is RTGS

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RTGS stands for Real Time Gross Settlement. It is a payment system used for large value transactions.

RTGS is a fund transfer system where the transfer of money takes place in real-time and on a gross ...read more

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