Hello friends, today we are going to share everything aboutReal Time Gross Settlement -RTGS.
What is RTGS:-The acronym ‘RTGS’ stands for Real Time Gross Settlement. RTGS system is a fund transfer systems where transfer of money or securitiestakes place from one bank to another on a “real time” and on “gross” basis. Settlement in “real time” means payment transaction is not subjected to any waiting period.