{"id":93827,"date":"2025-06-01T11:58:18","date_gmt":"2025-06-01T11:58:18","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=93827"},"modified":"2025-06-01T11:58:18","modified_gmt":"2025-06-01T11:58:18","slug":"which-among-the-following-maintains-real-time-gross-settlement","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/which-among-the-following-maintains-real-time-gross-settlement\/","title":{"rendered":"Which among the following maintains Real Time Gross Settlement ?"},"content":{"rendered":"

Which among the following maintains Real Time Gross Settlement ?<\/p>\n

[amp_mcq option1=”Reserve Bank of India” option2=”Asian Development Bank” option3=”World Bank” option4=”State Bank of India” correct=”option1″]<\/p>\n

\n
\n
This question was previously asked in<\/div>\n
UPSC Combined Section Officer – 2024<\/div>\n<\/div>\n
Download PDF<\/a>Attempt Online<\/a><\/div>\n<\/div>\n
\nThe Reserve Bank of India (RBI) maintains Real Time Gross Settlement (RTGS) in India.
\n<\/section>\n
\nReal Time Gross Settlement (RTGS) is a system where there is continuous (real-time) settlement of individual funds transfer orders. ‘Gross Settlement’ means the settlement of funds transfer instructions occurs individually (on an instruction-by-instruction basis). Because RTGS is a real-time system, transactions are settled as soon as they are processed.
\nIn India, the RTGS system is operated and maintained by the central bank, the Reserve Bank of India (RBI). It is used for large-value interbank transactions.
\n<\/section>\n
\nRTGS is one of the prominent payment systems in India, alongside the National Electronic Funds Transfer (NEFT) system. While RTGS is primarily for large-value transactions, NEFT is for smaller value transactions and operates on a deferred net settlement basis. Both systems are critical components of the modern payment infrastructure in India, managed by the RBI. Commercial banks (like State Bank of India) are participants in these systems, facilitating transfers for their customers.
\n<\/section>\n","protected":false},"excerpt":{"rendered":"

Which among the following maintains Real Time Gross Settlement ? [amp_mcq option1=”Reserve Bank of India” option2=”Asian Development Bank” option3=”World Bank” option4=”State Bank of India” correct=”option1″] This question was previously asked in UPSC Combined Section Officer – 2024 Download PDFAttempt Online The Reserve Bank of India (RBI) maintains Real Time Gross Settlement (RTGS) in India. Real … <\/p>\n

Detailed SolutionWhich among the following maintains Real Time Gross Settlement ?<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1090],"tags":[1103,1120,1190],"class_list":["post-93827","post","type-post","status-publish","format-standard","hentry","category-upsc-combined-section-officer","tag-1103","tag-economic-development","tag-money-banking","no-featured-image-padding"],"yoast_head":"\nWhich among the following maintains Real Time Gross Settlement ?<\/title>\n<meta name=\"description\" content=\"The Reserve Bank of India (RBI) maintains Real Time Gross Settlement (RTGS) in India. Real Time Gross Settlement (RTGS) is a system where there is continuous (real-time) settlement of individual funds transfer orders. 'Gross Settlement' means the settlement of funds transfer instructions occurs individually (on an instruction-by-instruction basis). Because RTGS is a real-time system, transactions are settled as soon as they are processed. In India, the RTGS system is operated and maintained by the central bank, the Reserve Bank of India (RBI). It is used for large-value interbank transactions.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/which-among-the-following-maintains-real-time-gross-settlement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Which among the following maintains Real Time Gross Settlement ?\" \/>\n<meta property=\"og:description\" content=\"The Reserve Bank of India (RBI) maintains Real Time Gross Settlement (RTGS) in India. Real Time Gross Settlement (RTGS) is a system where there is continuous (real-time) settlement of individual funds transfer orders. 'Gross Settlement' means the settlement of funds transfer instructions occurs individually (on an instruction-by-instruction basis). Because RTGS is a real-time system, transactions are settled as soon as they are processed. In India, the RTGS system is operated and maintained by the central bank, the Reserve Bank of India (RBI). 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