15th December 2012
Use the following instructions in the RTGS system structure.
Remitting bank to send payment instructions to the technical operation of the central processing industry.
Central processor to confirm the news of the peel, and send the original message instruction, the amount of the transfer, what is the Integrated Family Service Centre code bank branches, the central bank issue and the receiving bank identification set
Central banks process debit card remittance bank account and credit card account of the receiving bank. Upon completion of the transaction, send a confirmation central processor
The central processor to re-build the payment information with the peeling information and sends the message to the receiving bank with appropriate details.
Real Time Gross Settlement system (RTGS system)
RTGS representative of the RTGS system. This is the transfer of money from one bank to another transfer system. Serious underlying transport is a real-time transmission system. The system can be a great deal of value, the minimum transfer amount is Rs 00,000. The transaction has no maximum limit.
Real-time remittance bank transfer of funds to the beneficiaries of funds in the account for the time it takes to receive. RBI remittance customers can receive a confirmation when funds are transferred.
The 26th launch of the RTGS system, involving only four banks in March 2004 by the RBI. Now there are nearly 109 banks 13,750 branches and 508 settlement center. Covering more than 800 cities customer transactions.