RTGS stands for _________.
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → Real Time Gross Settlement
RTGS (Real Time Gross Settlement) is a fund-transfer system run by the Reserve Bank of India. “Real time” means each transfer is settled as soon as it is made, and “gross” means each transaction is settled one by one, not netted against others in a batch. It is meant for large transfers, with a minimum of ₹2 lakh.