RTGS definition

RTGS means real-time gross settlement;
RTGS means real time gross settlement in terms of the regulations and directions issued by the RBI or any regulatory or statutory body;

Examples of RTGS in a sentence

  • The Bidder isrequired to pay a non-refundable fee as of Rs. 5900/- towards cost of Bid Document through RTGS/ NEFT/ other online mode to the NHIDCL’s designated bank account.

  • All Tenderers are required to desposit their tender in sealed envelopes along with RTGS details of Rs 10,000/- as Earnest Money.

  • The Tender Document shall be accompanied by Earnest Money Deposit (“ EMD”) equivalent to 10% of the Reserve Price declared by the Auctioneer, which EMD is to be paid by DD/ RTGS/ NEFT or through any other proper banking channels to the credit and in favour of “INDIABULLS HOUSING FINANCE LIMITED”; Account No. 00000040428645185 with State Bank of India, having its branch at COM.

  • All payments to be made to the Contractor, under this contract shall be by NEFT or RTGS within 45 days, after the certification of bills by the execution department.

  • The Bidder mandatorily has to submit Earnest Money amounting to Rs. 62,620/- (Rupees sixty two thousand six hundred twenty only) through his net banking enabled bank account, maintained at any bank, or through any bank by generating NEFT/ RTGS challan from the e–tendering portal.


More Definitions of RTGS

RTGS means Real Time Gross Settlement payment method. "Scheduled Maintenance" will include known defect fixes, incident fixes, problem fixes, preventative maintenance and urgent enhancements driven from external change requests.
RTGS means the Philippine Payment Settlement System via Real Time Gross Settlement that allows banks to effect electronic payment transfers which are interfaced directly to the automated accounting and settlement systems of the BSP;
RTGS means Real Time Gross Settlement System.
RTGS are specialist funds transfer systems where the transfer of money or securities takes place from one bank to another on a "real time" and on a "gross" basis.
RTGS means Real Time Gross Settlement system established and operated by the Bank of Jamaica;
RTGS means the real time gross settlement system that is established and operated by the Authority under section 29A(1) of the Monetary Authority of Singapore Act (Cap. 186);