1.
RTGS : Real-Time Gross Settlement
Banking
What is the full form of RTGS?
RTGS is an abbreviation that represents Real-Time Gross Settlement.
As the name characterizes, it is a persistent (ongoing) settlement of assets moved independently on a request-by-request premise. RTGS is utilized to move cash or protections starting with one bank then onto the next on a continuous and on a gross premise.
The electronic installment framework did not depend on the actual trade of cash. It diminishes the sum from A's financial balance and adds this add up to account B.
What is the importance of Real-Time and Gross Settlement?
Ongoing indicates that the guidelines are executed simultaneously they are obtained and the term Gross Settlement determines that the settlement of assets move directions happens exclusively (on guidance by guidance).
- JAPAN BOJ-NET (Bank of Japan Financial Network System)
- UK CHAPS (Clearing House Automated Payment System)
- Hong Kong CHATS (Clearing House Automated Transfer System)
Suggestions:
| Acronym | Full Form |
|---|---|
| ADB | Asian Development Bank |
| ATM | Automated Teller Machine |
| CBI | Central Bank of India |
| ECS | Electronic Clearing Service |
| ESI | Employees' State Insurance |
| HDFC | Housing Development Finance Corporation |
| HSBC | Hong-Kong and Shanghai Banking Corporation |
| ICICI | Industrial Credit and Investment Corporation of India |
| IDBI | Industrial Development Bank of India |
| IFSC | Indian Financial System Code |
| INR | Indian Rupee |
| IRDA | Insurance Regulatory and Development Authority |
| NEFT | National Electronic Funds Transfer |
| PAN | Permanent Account Number |
| PO | Post Office |
| PO | Probationary Officer |
| RBL | Ratnakar Bank Limited |
| SEBI | Securities and Exchange Board of India |
| SIDBI | Small Industries Development Bank of India |
| TDS | Tax Deducted at Source |
| UCO | United Commercial Bank |
| IBPS Clerk | Institute of Banking Personnel Selection Clerks |
| IBPS PO | Institute of Banking Personnel Selection Probationary Officer |
| IBPS SO | Institute of Banking Personnel Selection Specialist Officer |
| IBPS RRB | Institute of Banking Personnel Selection Regional Rural Banks |
| SBI Clerk | State Bank of India Clerk |
| SBI PO | State Bank of India Probationary Officer |
| SBI SO | State Bank of India Specialist Officer |
| RBI Recruitment | Recruitment Reserve Bank of India Recruitment |
| RBI Grade B | Reserve Bank of India Grade B |