Real Time Gross Settlement (RTGS) started working in ______.

2001

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2003

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2004

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2005

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Solution

The correct option is C 2004
Real-time gross settlement systems (RTGS) is a funds transfer system where money transfer takes place from one bank to another on a "real time" basis and "gross" basis. Settlement in the "real time" means that the transaction happens almost immediately.
Real time gross settlement (RTGS) was started in march 2004 as a pilot study by RBI in four banks.

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Similar questions

Q40. What are the benefits of using Real Time Gross Settlement (RTGS)?

1. RTGS transactions / transfers have no amount cap

2. There is real time transfer of funds to the beneficiary account

3. The transaction charges have been capped by RBI

Which of the above statement(s) is/ are correct?

रियल टाइम ग्रॉस सेटलमेंट (RTGS) का उपयोग करने के क्या लाभ हैं?

1. आरटीजीएस लेनदेन / स्थानांतरण में राशि की कोई सिमा नहीं है

2. लाभार्थी के खाते में धनराशि का वास्तविक समय पर हस्तांतरण होता है

3. आरबीआई द्वारा लेन-देन शुल्क को सिमित किया गया है

ऊपर दिए गए कथनों में से कौन सा कथन सत्य है/ हैं?

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