Month: October 2019

RTGS full form & other details

Real-time gross settlement (RTGS)

RTGS full form is Real Time Gross Settlement is an electronic form of fund transfer which is managed by Reserve Bank of India and allows the interbank transfer of funds on a real-time basis. Its is known to be one of the fastest and secure interbank money transfer facility in India. Settlement in real-time means payment transactions are not put through any waiting period, the transaction is settled as soon as they are processed.

An Introduction to RTGS Process

RTGS is naturally used for High-Value Transactions that necessitate and receive instant clearing. In RTGS, the settlement is done without bundling or netting with any other transaction, the negotiation is executed individually and on a gross basis.

The customers commencing RTGS transfer are required to have an Indian Financial System Code (IFSC) of the beneficiary bank, name of the bank, account number, account holder’s name.  Both the bank branches, receiving and initiating end, have to be RTGS enabled for the transfer of the fund to be processed.

RTGS Timings:

Just like other financial transactions, the RTGS Timings for fund transfer window available from 8:00 AM to 4:00 PM from Monday to Friday and on Saturdays (excluding second and fourth).

RTGS Limit

RTGS is allowed for large value transactions or certain predefined RTGS limits in order to proceed fund transfer of minimum transaction of 2 Lakhs. If the funds are not credits in receivers account due to any reason, the fund will be returned to an original bank account within one hour or before the end period of the transaction day. It is the responsibility of the beneficiary bank to credit the recipient’s accounts within 30 minutes of receiving the fund transfer message.

RTGS Charges

In order to avail of the RTGS service or facility, you have to pay a certain amount in order to have your order processed. Each bank allowed or enables to fix their own charges for RTGS transactions, but charges differ from bank to bank.

                                            RTGS Charges

            Bank        Rs 2 to 5 LakhMore Than Rs 5 Lakh
SBI Branch            Rs 25              Rs 50
SBI – Mobile Banking           Rs 20              Rs 40 
HDFC            Rs 25             RS 50
ICICI           Rs 25             Rs 50
Bank of Baroda           Rs 28-33           Rs 55-61
Punjab National Bank         Rs 25-30           Rs 50-55
Kotak Bank             Rs 25            Rs 50
Bank of India             Rs 5               Rs 5
Canara Bank          Rs 27-30         Rs 52-55
HSBC           Rs 25             Rs 50
Yes Bank                NIL               Nil

RTGS Process

Real-Time Gross Settlement is the fastest and secure mode of online money transfer. Some preconditions for RTGS transactions.

A. The payer and receiver should have a bank account (whether it is a current or savings account).
B. The minimum transaction amount should be Rs 2 lakh per transaction and a maximum RTGS limit per day is Rs 10 lakh. 
C. The Transfer of funds must be made within the geographical boundaries of India.  

How to do Real-Time Gross Settlement? (RTGS full form)

For Online RTGS fund transfer, the following steps must be followed:

Step 1:  Login to the net banking account of the bank.

Step 2: Add beneficiary account details (Account Number, Branch name, IFSC code, Account name). 

Step 3:  Go to RTGS fund transfer which totally focuses on quick and easy fund transfer within the country. 

Step 4: Select the amount to be transferred(minimum transaction value 2 lakh per transaction. 

Step 5: Accept the terms of service(terms and conditions) mentioned.  

Step 6: Submit the Real Time Gross Settlement(RTGS) online form.  

For RTGS fund transfer to branch, the following steps must be followed:

Step 1: Visit and contact the employee of the branch of the bank in which there is an account. 

Step 2: Fill up the RTGS transaction form details. 

Step 3: Deposit the cheque and cash of the amount which needs to be remitted. 

Advantages of RTGS

The benefits of RTGS which really needs to understand how to do RTGS transactions are beneficial in the long run as everyone demands instant money transfer. So here are the advantages of RTGS:

1. Real-Time Payment Settlement:

Payments settled on a real-time basis, previously a huge amount of payments made via demand draft, which could take a period of 3 days for clearance. Now the same can be done within no time span through RTGS.

2. Better Relationship:

To ensure a healthier relationship between supplier and buyer as the huge transactions can be done in one go and without any delay.

3. Predictability of Cash Flows:

RTGS facilitates the easy and smooth flow of cash as customers know when their account will be debited or credited.

4. No threat of money and credit risk:

No credit and settlement risk or threat of money being stolen or cheques being forged, Since transactions, have done through online or bank.

Hope by reading this article you get the clear understand of Real-Time Gross Settlement aka RTSS full form. Know more about RTGS on Wikipedia here.

UPSC Full Form

UPSC Full form

UPSC stands for Union Public Service Commission (UPSC Full Form) which is India’s prestigious agency responsible for recruiting top authority officers for the civil services in India.

UPSC appoints all the civil servants of India for various services like Indian Administrative Services (IAS), Indian Foreign Services (IFS), Indian Revenue Services (IRS) and Indian Police Services (IPS).

UPSC is considered as one of the toughest competitive exams in India. About nine to ten lakhs candidates apply every year to appear for the UPSC examination but hardly a thousand candidates are selected to fill in the required posts.

Eligibility Criteria for UPSC Exams:-

There are certain eligibility criteria stated by UPSC in order to be eligible to appear for the UPSC exams.


  • In the case of Indian Administrative Services and Indian Police Services, a candidate must be a citizen of India.
  • For the other services apart from the above two, a candidate should be:
  1. A citizen of India
  2. A citizen of Nepal or a subject of Bhutan
  3. A Tibetan refugee who settled in India before January 1, 1962.
  4. A candidate must be a  person of Indian origin who has migrated from Pakistan, Myanmar, Sri Lanka, Kenya, Uganda, Tanzania, Zambia, Malawi, Zaire, Ethiopia or Vietnam with the motive of permanently settling in India.

Educational Qualification

All the candidates must fulfil at least one of the following required qualifications:-

  • An authorized bachelors degree from a central, state or a deemed university.
  • A degree received over correspondence or distance education.
  • A degree received from an open university.
  • Candidates appearing or appeared for the final year examination and are awaiting results are also eligible to apply.
  • Candidates who have passed the final year of MBBS but have not completed their internship can also apply.
  • Candidates who hold a professional and technical bachelor’s degree recognised by Govt of India can also apply.

Age Limit

  • Candidates who are minimum of 21 years and maximum of 32 years are eligible to apply (in case of General Category).
  • The upper age limit is relaxed for candidates belonging to SC, ST by 5 years and 3 years in case of OBC.
  • For defence service personnel, the upper age limit is relaxed by 3 years.
  •  Up to a maximum of 10 years of relaxation for dumb, deaf and orthopedically handicapped students.
  • For Domiciles of Jammu and Kashmir from January 1, 1980, to December 31, 1989, the limit is 32 years.

Maximum number of attempts

The maximum number of attempts for appearing in UPSC exams are as follows:-

  • 6 attempts for general category candidates  
  • 9 attempts for OBC candidates till the age of 35 years
  • Unlimited attempts for SC/ST candidates till the age of 37

UPSC Exam Pattern:-


The UPSC exams are held in three phases:-

  1. Preliminary Examination
  2. Mains Examination
  3. Interview and personality test

1. Preliminary Examination:-

UPSC preliminary exam is a fundamental step for the selection of civil servants in India, it is important to clear prelims exams in order to appear for the main examination.

Preliminary Exams are only meant for the screening purpose because marks scores in these exams will not be counted for the merit list.

It consists of two papers:-

  1. General Ability Test
  2. Civil Service Aptitude Test (CSAT)

General Ability Test:-

General Ability Test consists of multiple-choice questions and is of 200 marks, which is to be attempted in 2 hours.

The topics that are covered under the general ability test are as follows:-

  • National and International current affairs
  • Indian history and movements that took place in India
  • World and Indian geography including physical, economic and social aspects
  • Indian polity and constitution
  • Economic and social development that took place in India and World
  • General science 
  • General issues that are taking place around the world

Civil Service Aptitude Test(CSAT):-

CSAT is a qualifying test and candidates must score a minimum of 33% in order to appear for the main examinations.

It is based on multiple-choice questions and carries 200 marks and the allotted time is 2 hours. It covers the following areas:-

  • Logical and analytical reasoning of a candidate.
  • Comprehension skills
  • Communication and interpersonal skills and abilities.
  • General mental test.

2. Mains Examination:-

Candidates who qualify the preliminary exams are only eligible to appear for the main examinations. UPSC mains examinations are usually held in the month of September or October.

The main examination consists of two types of papers qualifying papers and papers that will be counted for the merit list.

 Qualifying Papers:-

Language(paper A) and English( paper B)

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Merit Exams:-  

Main examinations test the overall intellectual ability of a candidate and the in-depth knowledge of the subject. The marks scored in these exams are counted while calculating merit.

UPSC full syllabus:-

Prelims Exam:-

Paper-I. General Studies Syllabus

  • Indian national movements
  • India polity
  • Basic economics
  • Indian Geography
  • Current affairs and events

Paper-2 Civil Service Aptitude Test (CSAT)

  • Analytical reasoning
  • Logical reasoning
  • Basic mathematics
  • Interpersonal skills

Mains Examination:-

Paper 1

Indian Language (Qualifying)

  1. Assamese            
  2. Bengali
  3. Bodo
  4. Dogri
  5. Gujrati
  6. Hindi
  7. Kannada
  8. Kashmiri
  9. Konkani
  10. Maithili
  11. Malayalam
  12. Meitei
  13. Marathi
  14. Nepali
  15. Odia
  16. Punjabi
  17. Sanskrit
  18. Santali
  19. Sindhi
  20. Tamil
  21. Telugu
  22. Urdu

Paper 2

English Language (Qualifying)

  • English comprehension
  • Precis Writing
  • Vocabulary test and usage
  • Short essays

Paper 3

Essay Writing

  • Candidates have to write essays on multiple topics.

Paper 4

General Studies I

  • Indian history (modern and ancient)
  • History and Geography of the world
  • Indian culture and heritage
  • Features of Indian society
  • Indian national movements
  • Indian diversity
  • Globalization

Paper 5

General Studies II

  • Indian Constitution (feature, evolution, amendments etc)
  • Governance policies and rules
  • Indian polity
  • Issues faced across the world and their solutions
  • Departmental structure of government
  • Welfare and social schemes formulated by the government

Paper 6

General Studies III

  • Economy of India
  • Technological developments
  • Disaster management
  • Biodiversity
  • Environmental studies
  • Indian reforms
  • Infrastructural development
  • Indian achievements in science and technology
  • Security changes and development

Paper 7

General Studies IV

  • Ethics and human interface
  • Emotional intelligence
  • Contributions of moral thinkers and philosophers

Paper 8 & 9

Optional subject

Candidates are required to select their optional subject from the following list:-

  • Agriculture
  • Animal Husbandry and Veterinary Science
  • Anthropology


Union Public Service Exam (UPSC full form) is one of the toughest competitive exams in India.


TOEFL Full Form

TOEFL stands for the Test of English as a Foreign Language (TOEFL Full Form). It is a test used to measure the English language skills of a non-native speaker to get admission in the English speaking universities and colleges. Many top universities across the globe offer admissions on the basis of TOEFL.

TOEFL exam is mostly preferred by the universities and colleges in the United States, United Kingdom, Canada Germany and France. It is administered by the non-profit private organization called Educational Testing Service (ETS).

Components of TOEFL Exam


The reading section of TOEFL exam tests the reading skills and abilities of a candidate. It consists of 3-4 passages from academic texts for which candidates are given 60-80 minutes to answer 36-56 questions. Passages require a fundamental understanding of cause and effect relationship, compare, contrast and argumentation. All the questions are of multiple-choice questions.


The listening section consists of 6-9 passages, the passage includes a conversation between 2 or more people and you need to listen to the audio in order to answer the subsequent questions. You are allowed to listen to the conversation only once so you have to be very attentive and careful while listening to the audio because once you lost the track of the information it is very difficult to come back again.


The speaking section consists of 6 tasks and the time duration allotted is 20 minutes, in the first 2 tasks you are required to speak about a general topic which is familiar to you and in the next 4 tasks you are supposed to answer the questions that are based on passages and conversation for which you are given a short span of time to think
before answering. Candidates are judged on the basis of how neatly and effortlessly they are able to convey the idea and inference of the passage and conversation they read or listen.


In the writing section, a candidate is given two tasks in which they need to write essays that are based on reading and listening tasks, they are required to put their own opinions and judgments while writing an essay 50 minutes are allotted to write 2 essays.

TOEFL Eligibility Criteria

There are no stringent eligibility criteria when it comes to TOEFL exams as anyone with 10+2 certificate are eligible to appear for TOEFL exams.

TOEFL Registration Process

  1. Firstly you need to create a TOEFL profile on the official website in order to book your seat for the exam and to view your results and status.
  2.  You don’t have to enter too many details while registering, you just need to enter your name, date of birth, phone number etc. make sure that you enter the correct date of birth because the DOB should be same as stated in your ID proof because you have to carry that ID proof in the exam hall.
  3.  After creating your TOEFL account you can now login in your account using your credentials after that click on the “Register for a test” and you need to select TOEFL.
  4.  Then click on “I agree”
  5. Choose a date for the exam and fill in the required fields, after that click on the “complete registration” when the chosen date and centre appears.
  6.  You may select four universities of your choice where the TOEFL scores will be sent.
  7.  You can also select additional university but for that, you have to pay 20$ for each university.
  8.  Make sure to use Google Chrome or Mozilla Firefox for registration, however, if you are using Mac then do install chrome because you won’t be able to register on Safari.

Valid Identification documents for TOEFL

  • The identification document should be issued by the Government of India and should be valid in India.
  • Xerox copies or electronic identification are not pemissible.
  • The expiry of the document should be less than 6 months.
  • Your photograph should be clearly visible.
  • Your signature should match on both id proof and the registration form.
  • A passport is considered as the valid identification proof in India.

TOEFL Score Card

Printed scorecards are sent to the recipients approximately 13 days after the test date. The scorecard is valid for 2 years and you can send them to other universities during that span 2 years.

Hope You’ve found each and every detail related to TOEFL Full Form, its components and TOEFL Registration Process.

IFSC Full Form - Indian Financial System Code

IFSC Full Form

What is the full form of IFSC?

IFSC stands for Indian Financial System Code (IFSC full form). It is a unique 11 character alphanumeric code assigned by RBI to identify each branch of every bank in India. IFSC code of each bank branch is used to facilitate electronic payment systems applications through National Electronic Fund Transfer (NEFT) and Real-Time Gross Settlement (RTGS) and Immediate Payment Service (IMPS). 

Format of IFSC code

IFSC code contains 11 character which is a combination of alphabets and numerals assigned by Reserve Bank of India to each bank branch. 

  • The first four characters of IFSC code represent or tell about the name of the bank.
  •  The fifth character is Zero for most of the banks which are reserved for future use. 
  • The last six digits remain unique for each branch which specifies branch code. 

Importance of IFSC code

The Points mentioned below highlights the significance of IFSC code:

  • Unique identification: It helps in identifying a bank and particular bank brank.
  • Elimination errors: It helps in easy fund transfer and removes the discrepancy in the fund transfer process. 
  • Electronic payment applications: It is done with electronic payment tools or transfers done with IFSC code such as RTGS, NEFT, and IMPS.

How can I find the IFSC code?

Indian Financial System Code is an Eleven digit code allocated by RBI which is printed on cheque or NEFT enabled banks. Also, you can easily find out the basic bank details like address, code, etc. By using the below steps, you can search an IFSC code:

  • You can search through or check for the IFSC code of your bank either in your passbook or chequebook.
  • You can check for your IFSC code in the bank’s mobile applications after you log in your credentials. 
  • Reserve bank of India (RBI) official website also mentions a list of banks with respective IFSC code who are engaged in NEFT/RTGS transactions. 

With the online IFSC code finder, you can find the IFSC code of the bank branch according to the location you need. Once you put the basic details like the name of the bank, state, and district where the bank is situated. Your IFSC code will appear along with basic information. 

Details of funds transfer using IFSC

The below-mentioned charges are suggestive in nature. Each bank has its own charges for transferring funds. Check charges from the official bank website. 

Transaction Charges

Amount In Rs        NEFT         RTGS        IMPS
Up to Rs 10000      Rs- 2.50 Minimum 2 lakhs       Rs – 5.00
RS 10000-2 lakh      Rs – 15        Rs – 26         Rs – 10
  Above 2 lakhs       Rs – 25        Rs – 51         Rs – 15

Transfers funds through SMS:

You can easily transfer money through SMS on mobile with the help of IFSC code. 

  • You need to link your mobile no. to your bank account by registering for mobile banking services. 
  • To take the benefit of SMS transfer, you need to fill an application requesting mobile services, after registering you will receive a unique 7 digit number which is known as mPIn and MMID. 
  • Once you are registered, you are required to create an SMS and type IMPS along with the payee details like name, bank, branch, account number and IFSC code of the recipient bank along with the sum amount you want to transfer. 
  • Confirm the transaction and send the SMS, you will receive the confirmation message where you will have to enter your mPIn. 
  • Enter the mPIn and select ok. The fund will be transferred to the recipient’s account. 

Hope you got the understanding of IFSC full form and its details. For more details leave us a comment.