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Question
It is a funds transfer system under which transfer of funds takes place from one bank to another on a real time and gross basis.
Options
RTGS
NEFT
IMPS
Mobile wallet
Solution
RTGS
Explanation:
Real-Time Gross Settlement (RTGS) systems allow for real-time and gross transfers of money or securities between banks, reducing settlement risk.
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RELATED QUESTIONS
Write a Short note on IMPS.
Write a short note on NEFT.
Real Time means there is ______.
It is a countrywide system by which an individual, firm or company can electronically transfer funds from any bank branch to another individual, firm or company having an account with any other bank branch in the country.
IMPS stand for ______.
What is IMPS?
Give the full form of RTGS.
What is 'National Electronic Fund Transfer'?
Write a short note on 'RTGS'.
List any four features of NEFT.
