Hello, RTGS full form is Ral Time Gross Settlement.its related to Money Transfer from one bank to other bank, RTGS minimum amount sent is Rs. one lac. Sangeeta
Dear Brothers/Sisters,
RTGS stands for Real Time Gross Settlement, this facility is used to transfer the fund from one account to another account through Internet Banking. When the beneficiary bank receives the messsage of fund transfer, the money is debited to the beneficiary account within 2 hours. The minimum amount for RTGS is Rs. 2 Lakhs and maximum amount is Rs. 5 Lakhs for Retail Banking. The other facility used to money transfer is NEFT ( National Electronic Fund Transfer). There is no minimum amount but maximum amount is Rs. 5 Lakhs for Retail Banking.
Regards,
Deepa Saravanan.
From India, Calicut
RTGS stands for Real Time Gross Settlement, this facility is used to transfer the fund from one account to another account through Internet Banking. When the beneficiary bank receives the messsage of fund transfer, the money is debited to the beneficiary account within 2 hours. The minimum amount for RTGS is Rs. 2 Lakhs and maximum amount is Rs. 5 Lakhs for Retail Banking. The other facility used to money transfer is NEFT ( National Electronic Fund Transfer). There is no minimum amount but maximum amount is Rs. 5 Lakhs for Retail Banking.
Regards,
Deepa Saravanan.
From India, Calicut
RTGS stands for Real Time Gross Settlement, this facility is used to transfer the fund from one account to another account through Internet Banking. When the beneficiary bank receives the messsage of fund transfer, the money is debited to the beneficiary account within 2 hours. The minimum amount for RTGS is Rs. 2 Lakhs and maximum amount is Rs. 5 Lakhs for Retail Banking. The other facility used to money transfer is NEFT ( National Electronic Fund Transfer). There is no minimum amount but maximum amount is Rs. 5 Lakhs for Retail Banking.
From India, Mumbai
From India, Mumbai
This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.
Add the url of this thread if you want to cite this discussion.
#Subject List: security service reverse charge mechanism works contract new user new joinee internet banking retail banking ncfm exam bank account
