Definition : Real-Time Gross Settlement
Category : Business » Banking
Country/Region : India India
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What does RTGS mean?

Real-Time Gross Settlement (RTGS) is an electronic real-time fund transfer system which allows transferring money from one bank to another bank in India. RTGS is operated and maintained by Reserve Bank of India (RBI) to enable funds settlement on a real-time basis across banks in the country. RTGS system is primarily meant for large value transactions and require immediate clearing.

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Thailand RTGS Royal Thai General System of Transcription
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