Question

Which among the following maintains Real Time Gross Settlement?

• A. Reserve Bank of India
• B. Asian Development Bank
• C. World Bank
• D. State Bank of India

Answer 1

Answer:

A. Reserve Bank of India

Real Time Gross Settlement is operated in India by the Reserve Bank of India. It is a continuous and real-time settlement of fund-transfers. It occurs individually and on “transaction to transaction” basis. Presently, the service is available round the clock – throughout the year.