RTGS/ NEFT

RTGS/ NEFT

 RTGS (Real Time Gross Settlement) is an electronic payment platform of Reserve Bank of India which provides online settlements between participating Banks. Instead of payments through cheques, with Real Time Gross Settlement System banks can route payments through on-line messages to RBI’s RTGS Payment Gateway. It can be defined as the continuous (real-time) settlement of funds transfers individually on an order by order basis (without netting). ‘Real Time’ means the processing ..