Explain the following terms with reference to electronic banking and IT activities in the banks : (iv) RTGS
CS Professional · Banking - Law and Practice · PYQS · December 2015
Explain the following terms with reference to electronic banking and IT activities in the banks : (iv) RTGS
Answer & Explanation:
Real Time Gross Settlement (RTGS) is an electronic payment system, where payment instructions are processed on a 'continuous' or 'REAL TIME' basis and settled on a 'GROSS' or 'individual' basis without netting the debits against credits.
Topics: Electronic Banking
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