Real-time gross settlement ( RTGS ) allows for instant transfer of funds without netting debits and credits, ensuring transactions are final and irrevocable. RTGS systems are primarily used for... The meaning of RTGS is a banking system where funds are transferred in real time within minutes after initiation . As such, it is no surprise that this is an option available across thousands of bank accounts in India. Several features of RTGS make transferring money convenient and secure. RTGS stands for Real-Time Gross Settlement, a system designed for high-value transactions that demand immediate clearing. Unlike traditional banking methods that batch process payments, RTGS settles each transaction individually, ensuring instant fund transfers. RTGS full form in banking is Real Time Gross Settlement. To define RTGS , it is an electronic form of fund transfer where the transmission happens on a real-time basis, and settlement occurs individually, not in batches.
