What is the minimum amount which can be remitted through Real Time Gross Settlement RTGS ........

General Studies (CPO) Indian Economy

What is the minimum amount which can be remitted through Real Time Gross Settlement (RTGS)?

This questions was previously asked in

SSC CPO 12th Dec 2019 Shift-1

Rs2,00,000

Rs1,00,000

Rs3,00,000

Rs5,00,000

Let’s break this down:

- RTGS (Real Time Gross Settlement) is for high-value, real-time fund transfers between banks.

- The minimum amount you can send via RTGS is Rs2,00,000.

- You can’t use RTGS for anything less. If you need to transfer a smaller amount, you have to use NEFT or IMPS.

- Here are your options:

- Option 1: Rs2,00,000 – This is the right answer.

- Option 2: Rs1,00,000 – Not enough; too low for RTGS.

- Option 3: Rs3,00,000 – Too high to be the minimum.

- Option 4: Rs5,00,000 – Even higher; not the minimum.

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