Question

Which of the following is not true regarding RTGS?

Options

• There is no waiting period.

• RTGS transactions are not processed immediately. It is done in batches.

• The minimum amount in an RTGS transaction is two thousand. There is no upper ceiling for an RTGS transaction.

• The fund transfer takes place among three parties.

Answer 1

RTGS transactions are not processed immediately. It is done in batches.

Explanation:

RTGS stands for Real Time Gross Settlement. Transactions are processed and settled individually and continuously in real-time as they occur, rather than being grouped or cleared in batches. Processing payments in hourly batches is a characteristic feature of NEFT, not RTGS.