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The full form of RTGS is Real Time Gross Settlement. RTGS is used to transfer Amounts from one place to another via electronic means. Under this money, transfer instructions are disposed of individually. This facility is used for more than 2 lakh fund transfers.
The acronym 'RTGS' stands for Real Time Gross Settlement, which can be explained as a system where there is continuous and real-time settlement of fund-transfers, individually on a transaction by transaction basis (without netting).
Sign into Personal Internet Banking by generating a log on security code with your HSBC Security Device. Within the Useful links bar, click Wires. On the Transfers, Wires, and Bill Pay page, select the HSBC checking or savings account from which you would like to transfer from.
Ans. The acronym 'RTGS' stands for Real Time Gross Settlement, which can be explained as a system where there is continuous and real-time settlement of fund-transfers, individually on a transaction by transaction basis (without netting).
The details which the payer must mention in the RTGS form are: Remitter details- Remitter/applicant name, account number, cash deposited, contact number, email id and address. Payment details- Cash amount/cheque number, credited account number and IFSC Code.

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You can do RTGS transactions using both, online and offline ways. To do the transaction online, you must have active internet banking. On the other hand, if you want to perform the RTGS transaction offline, you will have to visit your nearest RTGS-enabled bank branch and submit a fund transfer form.
Make sure that you enter details such as the name & account number of the beneficiary, the amount to be transferred, name of the beneficiary bank and the IFSC Code of the beneficiary's bank branch such as HDFC Bank IFSC Code. Attach a cheque leaf along with the request form for an RTGS transaction.
The details which the payer must mention in the RTGS form are: Remitter details- Remitter/applicant name, account number, cash deposited, contact number, email id and address. Payment details- Cash amount/cheque number, credited account number and IFSC Code.
RTGS stands for Real-time Gross Settlement, meaning that through this method, the money is transferred from one bank account to the other in real-time, without any delay. RTGS works out as the best payment method if you need to transfer an amount equal to or more than Rs. 2 lakh in real time.
How to Transfer Money Through RTGS in Hdfc Bank Offline? Step 1: Approach your home branch of Hdfc Bank from where you want to transfer the funds. ... Step 2: Obtain RTGS/ NEFT Transaction Request Form. ... Step 3: Fill up RTGS/ NEFT Transaction Request Form. ... Step 4: Tick the mandatory declaration given in the bottom of the form.

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