What is RTGS(Real Time Gross Settlement)system in Banking?Plz.describe in brief.
Asked by ARANYA DEY on 10 November 2011 2:08:14 PM   
   
   
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  1. On 13 November 2011 4:37:32 PM CHATURBHUJ PODDAR answered :

    The continuous settlement of payments on an individual order basis without netting debits with credits across the books of a central bank.

    Basically, this is a system for large-value interbank funds transfers. This system lessens settlement risk because interbank settlement happens throughout the day, rather than just at the end of the day.

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  2. On 15 February 2012 12:01:15 AM Guest answered :

    Engineering colleges in Visakhapatnam http://www.way2college.com/EngineeringVisakhapatnam.htm
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