Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,158,805 members, 7,837,896 topics. Date: Thursday, 23 May 2024 at 12:22 PM |
Nairaland Forum / Nairaland / General / Career / Do You Know The Differences Between RTGS And NEFT? (1797 Views)
Know The Difference Between Gross And Net Salary Before The Job Offer. / Should Relatives, Friends Know The Exact Amount You Earn / The Key Differences Between A Chauffeur And A Driver (2) (3) (4)
(1) (Reply)
Do You Know The Differences Between RTGS And NEFT? by naijabanking(m): 9:21am On Sep 10, 2017 |
RTGS stands for real time gross settlement, which means that it enables money to move from one bank to another on a real time and gross basis. Simply put, real time means the beneficiary bank receives the instructions for fund transfer immediately and gross means that it is not bunched with any other transaction and settlements of funds transfer instructions happen individually. Since the funds settlement takes place in the books of the any financial institution, keep in mind that the payments are final and irrevocable. See more differences between RTGS and NEFT |
(1) (Reply)
Are You Going For Your Coren Exam/interview In October, 2020? / Too Sophisticated: Should I Choose Mba, Med Or Other Prof Progs / Waiting For A Call Back After An Interview
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 6 |