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Question
Real Time means there is ______.
Options
Long waiting period
No waiting period
2 days waiting period
5 days waiting period
MCQ
Fill in the Blanks
Solution
Real Time means there is No waiting period.
Explanation:
- RTGS is a funds transfer system under which funds are transferred from one bank to another in Real Time and in gross.
- Settlement on 'Real Time' means there is no waiting period. The transaction is settled as soon as it is processed.
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Modes of Transfering Money Online
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