RTGS
What is RTGS?
The acronym 'RTGS' stands for Real Time Gross Settlement, which can be defined as the continuous (real-time) settlement of funds individually on an order by order basis (without netting).
'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).
The Remitter has to provide the following details:
Amount to be remittedAccount no. to be credited
Other Details
You can open a Current account with us if you are
Public or Private Limited Companies.
Partnership Firms.
Proprietorship Concerns.
HUFs.
Trusts.
Certificate of Incorporation and Commencement of Business.
Certified true copy of Memorandum and Articles of Association.
Certified Board resolution authorizing the opening and operation of the account.
PAN Card.
Income Tax Returns of last 2 years.
Partnership Deed and Registration Certificate.
PAN Card.
Income Tax Returns of last 2 years .
Gumasta Licence.
PAN Card.
Income Tax Returns of last 2 years.
Certificate/Licence issued by the Municipal authorities under Shop & Establishment Act.
Copy of the trust deed.
Copy of the registration certificate.
Copy of the resolution by the trustees authorising the members concerned to open and operate the account.
Any officially valid document identifying the authorized signatories and their addresses as given above.
PAN Card.
Copy of PAN.
Bye-laws of the association or club.
Certificate of Registration.
Copy of the resolution by the Board authorizing the members concerned to open and operate the account.
Any officially valid document identifying the authorized signatories and their addresses as given above.