Q576
Which of the following is not true about Real Time Gross Settlement (RTGS) system?
A.
The minimum amount that can be received through RTGS is Rs. 2 lakhs
B.
The banks receive the funds in real time as soon as funds are transferred by the remitting bank
C.
The minimum amount to be remitted through RTGS is Rs. 2 lakhs
D.
All of the above
AnswerAnswer: Option D
Solution
Answer: Option D
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