RTGS means Real Time Gross Settlement. It is used for
immediate payment which is affect in party account within minutes. It is used for the
transfer of Rs 100000 or more from the one bank a/c to the
another bank a/c (any bank located anywhere in India if
attached with internet system)within few minutes at very
minimal charges like only Rs 25 in SBI. For amount less than
Rs 100000 we use NEFT( National Electronic Fund Tranfer).
7ps of banking sector
The banking sector is essentially where all the money in the world is at. To join the banking sector marks the start of a lucrative career.
what are the survival of banking sub-sector
RTGS stands for Real Time Gross Settlement. It is an electronic funds transfer facility available for banking customers in India which can be used to move funds from one account to another. It is used for high value transactions (Usually atleast a few lacs) and the money is usually received the same business day by the target party.
The impact of computers in the banking sector cannot be understated. Computers have transformed every aspect of the banking industry
The full form of RTGS is real time gross settlement.
7ps of banking sector
The statistical tools are used in banking sector for making a decision.How do a bank invest their money in capital market or for lending to their customer,they have to use statistics.It is also use in forcusting in the banking sector.
Physics is used in the banking sector in various ways. The electronics used in the banking industry rely on physics and there is also the use of statistics which is part of physics as well.
Emerging trends in banking are atm,debit and credit card,internet banking,core banking,mobile banking,NEFT,RTGS,MICR cheques and draft etc.............
real time gross settlement
What are the contributions of an economist in the banking sector?
The banking sector is essentially where all the money in the world is at. To join the banking sector marks the start of a lucrative career.
RTGS in banking means fund transfer from one bank branch to another bank branch in real time with gross settlement.Real Time Gross Settlement is the full form for the RTGS?
roles of accountant in a banking sector
state three relevance itc in banking sector
what are the survival of banking sub-sector