Having explained RTGS meaning, let us now analyse its features and benefits. RTGS is a secure way of transferring funds. There is no maximum limit on your transfer amount when you opt for RTGS through a bank branch. With RTGS, you can initiate and complete real-time fund transfers into the...
The central processor’s technical operator must firstreceive paymentinstructions from the remitting bank The central processor then strips down the message into its main components. This includes the amount that has to be transferred, the IFSC, and details regarding the receiving and issuing banks ...