RTGS: Real-Time Gross Settlement
RTGS is an abbreviation represents Real Time Gross Settlement. As the name characterizes, it is a nonstop (continuous) settlement of assets moves exclusively on a request by request premise. RTGS is utilized to move cash or protections starting with one bank then onto the next on a continuous and on net premise.
RTGS frameworks are commonly utilized for high-esteem cash exchanges that require quick clearing. It is generally worked by national banks of the nations. The electronic installment framework did not depend on physical trade of cash. It lessens the sum from A’s financial balance and includes this sum in account B.