What is the minimum amount which can be remitted through Real Time Gross Settlement (RTGS)?
Show answer & explanation
Correct answer: A
Explanation
The correct option is option 1 i.e. 2,00,000.
| RTGS | The term real-time gross settlement (RTGS) refers to a funds transfer system that allows for the instantaneous transfer of money and/or securities. |
| RTGS is predominantly used for high-value transactions. The system is highly reliable and is powered by the RBI. | |
| The minimum amount to be transferred through RTGS is ₹ 2 lakh. |