Question Bank - Banking & Financial Services

Here's the question bank on all the banking & financial services topics.

In the context of the banking sector in India, what does 'G' stand f or in 'RTGS'?

A.
Gradual
B.
Grand
C.
Gross
D.
Gain

Solution:

The correct answer is Gross. RTGS is a Real-Time Gross Settlement. Hence G stands for Gross. Additional Information It is a financial transaction system having a continuous and real-time settlement of fund transfers. The transaction is processed immediately on a transaction by transaction basis throughout the RTGS business hours. The minimum limit is 2 lakh rupees with no maximum limit. The RTGS service is available both in online and offline modes.

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