Real Time Gross Settlement

Real Time Gross Settlement (RTGS) is a system used by banks to transfer money instantly and directly between each other. When a bank sends or receives funds through RTGS, the transaction is processed immediately and settled individually, without waiting for other transactions. This ensures that large or urgent payments are completed quickly and securely, reducing the risk of default or delays. RTGS is commonly used for high-value transactions between banks and financial institutions, providing a fast, reliable, and real-time way to settle payments electronically.