Question

Real Time means there is ______.

Options

• Long waiting period

• No waiting period

• 2 days waiting period

• 5 days waiting period

Answer 1

Real Time means there is No waiting period.

Explanation:

1. RTGS is a funds transfer system under which funds are transferred from one bank to another in Real Time and in gross.
2. Settlement on 'Real Time' means there is no waiting period. The transaction is settled as soon as it is processed.