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What is the minimum amount which can be ...

What is the minimum amount which can be remitted through Real Time Gross Settlement (RTGS)?

A

1. Rs 2,00,000

B

2. Rs 1,00,000

C

3. Rs 5,00,000

D

4. Rs 3,00,000

Text Solution

Verified by Experts

The correct Answer is:
A
The RTGS system is primarily meant for large value transactions. The minimum amount to be remitted through RTGS is Rs 2 lakh. The maximum limit is Rs 10 lakh per day.
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