Question
Banking And Insurance Question on Banking Terminologies
Write the full form of ‘RTGS’.
A
Real Time Gross Settlement
B
Royal Time Gross Settlement
C
Real Time Group Settlement
D
Real Timing Gross Settlement
Answer
Real Time Gross Settlement
Explanation
Solution
RTGS stands for Real Time Gross Settlement. It is a system where money is transferred electronically from one bank account to another in real time and on a gross basis. This method is used for high-value transactions.