Discussion

A) Settlement in real time means the transaction is not subjected to any waiting period.
B) It is a funds transfer mechanism.
C) Moreover, as the money transfer takes place in the books of RBI it is final and irrevocable.
D) The acronym RTGS stands for Real Time Gross Settlement.
E) While gross Settlement means the transaction is settled without bunching it with any other transaction.
F) The transfer of funds takes place on a real time and gross basis.