Question : What is the minimum amount which can be remitted through Real Time Gross Settlement (RTGS) as of October 2022?
Option 1: INR 2,00,000
Option 2: INR 1,00,000
Option 3: INR 5,00,000
Option 4: INR 5,00,000
Answer (1)
21st Jan, 2024
Correct Answer: INR 2,00,000
Solution : The correct option is INR 2,00,000.
The minimum amount for real-time gross settlement (RTGS) transactions was set at Rs 2 lakhs, or INR 2,00,000. Banks may charge customers for initiating RTGS transactions, and the fees can vary.
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