RTGS definition

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

Examples of RTGS in a sentence

  • The delivery of the stocks of pulses including gain quantity(wherever applicable) will be made ex-godown on Net weight basis on weighbridge only after receipt of the 95% payment by means of RTGS within 05bank working days (excluding Sunday and bank holiday) from the date of confirmation of bid (excluding the date of sale confirmation), failing which the allotment will be cancelled and the 5% ▇▇▇▇▇▇▇ Money deposited would be forfeited.

  • The repayment can be made through methods like cash, cheque, demand draft (DD), NEFT, RTGS, and so on.

  • The European real time gross settlement system, referred to as TARGET, connects the European Central Bank to the national central banks of the states participating in the Economic and Monetary Union via their respective real time gross settlement systems (hereinafter RTGS).

  • Payment shall be made by NSBI Cheque, Embassy of India, Kathmandu in favour of the manufacturer drawn on Nepali State Bank of India, payable at par anywhere in Nepal OR through RTGS to the manufacturer, after satisfactory delivery of buses to the Kendriya Vidyalaya, Embassy of India, Kathmandu.

  • Sale of the stock will be made on ex-godown and “As is where is basis” against which 95% of sale proceed has to be deposited within 05 bank working days from the date of Acceptance Letter/Sale Confirmation(excluding the date of sale confirmation)by means of RTGS to Bank Accounts provided by NAFED.


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 Real Time Gross Settlement System.
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.
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 of RBI.