RTGS (REAL TIME GROSS SETTLEMENT)
- Real time gross settlement system(RTGS) system is a nationwide funds transfer system to facilitate transfer of funds from any bank branch to any other bank branch in real time.
- 2 lakh and Above RTGS
- The beneficiary gets the credit on real time depending on the time of settlement.
- The essential information that the remitting customer has to furnish is Beneficiary details such as beneficiary name and account number. Name and IFSC of the beneficiary Bank branch.