WHAT IS RTGS? (क्या है RTGS)

WHAT IS RTGS? (क्या है RTGS)

It is Real Time Gross Settlement. 

OBJECTIVE: 

 Its main purpose is to enable electronic cash transfer having accounts in bank branches.
 It is a fund transfer system which is moved from one ban to another in real time and on the gross basis.
 It means that the payment transaction isn’t subject to any waiting period. The transaction will be completed as soon as the processing is done, and gross settlement means that the money transfer is completed on a one to one basis without clustering with another transaction.
 The transaction is treated as final and irrevocable as the money transfer occurs in the books of the RBI. This system is maintained by the RBI, and it is available only during working days for a given number of hours.
 The minimum limit is 2,00,000 Rs and there is no maximum limit. 

Example: 

यदि आपने अपनी बैंक शाखा के माध्यम से आरटीजीएस लेन-देन के लिए पंजीकरण किया है तो इसे वास्तविक समय के आधार पर तत्काल निपटाया जाएगा। वास्तविक समय का मतलब है कि आपके पैसे को लाभार्थी के खाते में मिनटों के भीतर जमा किया जाएगा।