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What is RTGS Overview and Benefits in India about?

This document provides an overview of Real Time Gross Settlement (RTGS) in India. It defines RTGS as an electronic funds transfer system that allows for real-time processing and settlement of payments. Key points include: - RTGS is operated by the Reserve Bank of India and went live in 2004, allowing transactions of at least Rs. 1 lakh to be settled continuously throughout the day. - Transactions are processed individually, in real-time, with immediate transfer of funds between the banks settling the pay

Author

Vivek Doshi

Language

EN