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REAL TIME GROSS 
SETTLEMENT 
PRESENTED BY : 
• KUMAR ABHISHEK 
• TRISHITA DAS 
• NISHTHA CHAWLA 
• KETAN JAIN 
• DEVANG MANGAL 
• ROHAN MITTAL
INTRODUCTION 
• Continuous (real-time) settlement of funds transfers individually on an order by order basis (without 
netting) 
• Consists of two parts 
• Real Time : means the processing of instructions at the time they are received rather than at some later 
time 
• Gross Settlement : means the settlement of funds transfer instructions occurs individually (on an 
instruction by instruction basis) 
• Payments are final and irrevocable 
• It is meant for larger transactions 
• The minimum amount to be remitted through RTGS is 2 lakh 
• There is no upper ceiling for RTGS transaction
RTGS Working
Securities Settlement 
System 
Process Diagram
MAKING 
RTGS 
PAYMENTS
INFORMATION NEEDED FOR EFFECTIVE 
REMITTANCE 
Amount to 
be remitted 
Remitting 
customer’s 
account number 
which is to be 
debited. 
Name of the 
beneficiary 
bank. 
Account 
number of 
the 
beneficiary. 
IFSC code 
of the 
destination 
bank branch
TIMINGS 
• No Service on Bank scheduled Holidays
RTGS
Ad

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RTGS

  • 1. REAL TIME GROSS SETTLEMENT PRESENTED BY : • KUMAR ABHISHEK • TRISHITA DAS • NISHTHA CHAWLA • KETAN JAIN • DEVANG MANGAL • ROHAN MITTAL
  • 2. INTRODUCTION • Continuous (real-time) settlement of funds transfers individually on an order by order basis (without netting) • Consists of two parts • Real Time : means the processing of instructions at the time they are received rather than at some later time • Gross Settlement : means the settlement of funds transfer instructions occurs individually (on an instruction by instruction basis) • Payments are final and irrevocable • It is meant for larger transactions • The minimum amount to be remitted through RTGS is 2 lakh • There is no upper ceiling for RTGS transaction
  • 6. INFORMATION NEEDED FOR EFFECTIVE REMITTANCE Amount to be remitted Remitting customer’s account number which is to be debited. Name of the beneficiary bank. Account number of the beneficiary. IFSC code of the destination bank branch
  • 7. TIMINGS • No Service on Bank scheduled Holidays