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RBI has announced that RTGS facility will now be available for round the clock transactions, with effect from 14 December 2020. What does 'R' stand for in RTGS? 

RBI has announced that RTGS facility will now be available for round the clock transactions, with effect from 14 December 2020. What does 'R' stand for in RTGS?  Correct Answer Real

The correct answer is Real.

  • RBI has announced that the Real Time Gross Settlement System or the RTGS facility will now be available for round the clock transactions, with effect from 14 December 2020.
  • Round the clock availability of RTGS will provide extended flexibility to businesses for effecting payments.
  • The system can also be leveraged to enhance operations of Indian financial markets and cross-border payments.

Related Questions

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