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| Definition | : | Real-Time Gross Settlement |
| Category | : | Business » Banking |
| Country/ Region |
: | India
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Initialism
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Real-Time Gross Settlement (RTGS) is an electronic real-time fund transfer system that allows transferring money from one bank to another bank in India. RTGS is operated and maintained by the 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 requires immediate clearing.
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Royal Thai General System of Transcription
Policies & Programs
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The full form of RTGS is Real-Time Gross Settlement