Real-time gross settlement (RTGS)

RTGS full form & other details

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. Continue Reading