2 ms·
How fast is clearing and settlement in traditional Indian banking?
by ampdepolymerase 6y ago
How fast is clearing and settlement in traditional Indian banking?
- geektips 6y agoIt depends on the system used for transaction[0]. For transaction under $1300 settlements are instant, while for amount more than that it ranges from 30 minutes to 24 hours. [0] https://en.m.wikipedia.org/wiki/Payment_and_settlement_systems_in_India https://en.m.wikipedia.org/wiki/Payment_and_settlement_syste...
- manquer 6y agoDuring working hours on week days for largers amounts RTGS is real time and minimum amount is $2500 and is few seconds fast.