Question

.......... is the minimum limit in RTGS system.

• A. 2 lakh
• B. 5 lakh
• C. 3 lakh
• D. 10 lakh

Answer 1

Answer:

A. 2 lakh

RTGS payment method or Real Time Gross Settlement is a way of fund transfer that allows the money sent by the remitter to immediately reach the beneficiary/payee as and when the request is received. It is done on a real-time basis and the beneficiary receives the money within the 30 minutes of the request.