RTGS

INDEX
SR
NO.
TOPIC PG
NO.
DESIGN OF THE STUDY
OBJECTIVES OF THE STUDY
SCOPE OF THE STUDY
LIMITATION OF THE STUDY
RESEARCH AND METHODOLOGY
01 GLOBAL PERSPECTIVE OF BANKING
1.1 INTRODUCTION OF GLOBAL BANKING.
1.2 EVOLUTON OF GLOBAL BANKING INDUSTRY
1.3 ADVANTAGES AND DISADVANTAGES OF
GLOBAL BANKING.
1.4 OLDEST BANKS IN THE WORLD.
1.5 LAREST BANKS IN THE WORLD.
01
0
11
14
1!
02 INDIAN PERSPECTIVE OF BANKING
2.1 INTRODUCTION OF INDIAN BANKING.
2.2 NEEDS OF THE BANK.
2.3 HISTORY OF THE BANKS.
2.4 CLASSIFICATION OF BANKING INDUSTRY IN
INDIA.
2.5 EVOLUTION OF BANKING SYSTEM.
20
22
23
25
2"
03 REAL TIME GROSS SETTLEMENT
3.1 INTRODUCTION OF RTGS.
3.2 OVERVIEW OF RTGS SYSTEM
3.3 CHALLENGES FACE BY RTGS.
3.4 CENTRAL BANK AND RTGS.
3.5 RTGS VS NEFT.
2!
33
41
43
45
1
3." RTGS SYSTEM PROGRESS TO DATA FUTURE
GROWTH.
51
04
CASE STUDY
4.1 HISTORY OF GP PARSIK BANK.
4.2 RTGS SYSTEM IN GP PARSIK BANK.
4.3 IFSC CODE
4.4 PRIMARY DATA.
54
5#
"1
"2
05 FINDING, CONCLUSION AND SUGGESTION
5.1 FINDINGS
5.2 CONCLUSION.
5.3 SUGGESIONS
"4
"4
"5
BIBLIOGRAPHY /EBLIOGRAPHY "
ANNE!URE "!
DESIGN OF THE STUDY
2
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3
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4
CHAPTER#1
GLOBAL PERSPECTIVE OF BANKING
BANK
What is a Bank?
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15
1.3W$T D(NTG&) ND DI)D(NTG&) DO&) GLOBL BN!ING OFF&R?
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22
1.5LARGEST BANKS IN THE ORLD BY TOTAL
ASSETS
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23
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T'641-)'<C$/().+ &-)- INDIA N.K.KATHAD BANK
OF INDIA ?NKBI@
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CHAPTER#2
INDIAN PERSPECTIVE OF BANKING
25
2.1 INTRODUCTION
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7-(8%(5 0'.,%2'0 9%)3$/) 6'')%(5 )3' 1'5-1 &'*%(%)%$( $* - 7-(8. B-(80 -.' -
0/70') $* )3' *%(-(2%-1 0'.,%2'0 %(&/0).+. A 7-(8%(5 0+0)'6 -10$ .'*'..'& -0 -
0+0)'6 4.$,%&'& 7+ )3' 7-(8 93%23 $**'.0 2-03 6-(-5'6'() 0'.,%2'0 *$.
2/0)$6'.0: .'4$.)%(5 )3' ).-(0-2)%$(0 $* )3'%. -22$/()0 -(& 4$.)*$1%$0:
26
)3.$/53$/) )3' &-+. T3' 7-(8%(5 0+0)'6 %( I(&%- 03$/1& ($) $(1+ 7' 3-001' *.''
7/) %) 03$/1& 7' -71' )$ 6'') )3' ('9 23-11'(5'0 4$0'& 7+ )3' )'23($1$5+ -(&
-(+ $)3'. '>)'.(-1 -(& %()'.(-1 *-2)$.0. F$. )3' 4-0) )3.'' &'2-&'0: I(&%-F0
7-(8%(5 0+0)'6 3-0 0','.-1 $/)0)-(&%(5 -23%','6'()0 )$ %)0 2.'&%). T3' B-(80
-.' )3' 6-%( 4-.)%2%4-()0 $* )3' *%(-(2%-1 0+0)'6 %( I(&%-. T3' B-(8%(5 0'2)$.
$**'.0 0','.-1 *-2%1%)%'0 -(& $44$.)/(%)%'0 )$ )3'%. 2/0)$6'.0. A11 )3' 7-(80
0-*'5/-.&0 )3' 6$('+ -(& ,-1/-71'0 -(& 4.$,%&' 1$-(0: 2.'&%): -(& 4-+6'()
0'.,%2'0: 0/23 -0 23'28%(5 -22$/()0: 6$('+ $.&'.0: -(& 2-03%'.F0 23';/'0. T3'
7-(80 -10$ $**'. %(,'0)6'() -(& %(0/.-(2' 4.$&/2)0. A0 - ,-.%')+ $* 6$&'10 *$.
2$$4'.-)%$( -(& %()'5.-)%$( -6$(5 *%(-(2' %(&/0).%'0 3-,' '6'.5'&: 0$6' $*
)3' ).-&%)%$(-1 &%0)%(2)%$(0 7')9''( 7-(80: %(0/.-(2' 2$64-(%'0: -(& 0'2/.%)%'0
*%.60 3-,' &%6%(%03'&. I( 04%)' $* )3'0' 23-(5'0: 7-(80 2$()%(/' )$ 6-%()-%(
-(& 4'.*$.6 )3'%. 4.%6-.+ .$1'H-22'4)%(5 &'4$0%)0 -(& 1'(&%(5 */(&0 *.$6
)3'0' &'4$0%)0.
2.2 NEED OF THE BANKS
27
B'*$.' )3' '0)-71%036'() $* 7-(80: )3' *%(-(2%-1 -2)%,%)%'0 9'.' 3-(&1'& 7+
6$('+ 1'(&'.0 -(& %(&%,%&/-10. A) )3-) )%6' )3' %()'.'0) .-)'0 9'.' ,'.+ 3%53.
A5-%( )3'.' 9'.' ($ 0'2/.%)+ $* 4/71%2 0-,%(50 -(& ($ /(%*$.6%)+ .'5-.&%(5
1$-(0. S$ -0 )$ $,'.2$6' 0/23 4.$71'60
)3' $.5-(%E'& 7-(8%(5 0'2)$. 9-0
'0)-71%03'&: 93%23 9-0 */11+ .'5/1-)'& 7+
)3' 5$,'.(6'(). T3' $.5-(%E'& 7-(8%(5
0'2)$. 9$.80 9%)3%( )3' *%(-(2%-1 0+0)'6
)$ 4.$,%&' 1$-(0: -22'4) &'4$0%)0 -(&
4.$,%&' $)3'. 0'.,%2'0 )$ )3'%. 2/0)$6'.0.
T3' *$11$9%(5 */(2)%$(0 $* )3' 7-(8
'>41-%( )3' (''& $* )3' 7-(8 -(& %)0 %64$.)-(2'<
Q T$ 4.$,%&' )3' 0'2/.%)+ )$ )3' 0-,%(50 $* 2/0)$6'.0.
Q T$ 2$().$1 )3' 0/441+ $* 6$('+ -(& 2.'&%)
Q T$ '(2$/.-5' 4/71%2 2$(*%&'(2' %( )3' 9$.8%(5 $* )3' *%(-(2%-1 0+0)'6:
%(2.'-0'
S-,%(50 04''&%1+ -(& '**%2%'()1+.
Q T$ -,$%& *$2/0 $* *%(-(2%-1 4$9'.0 %( )3' 3-(&0 $* - *'9 %(&%,%&/-10 -(&
I(0)%)/)%$(0.
Q T$ 0') ';/-1 ($.60 -(& 2$(&%)%$(0 ?%.'. .-)' $* %()'.'0): 4'.%$& $* 1'(&%(5 ')2.@
)$-11 )+4'0 $* 2/0)$6'.0
2.3 HISTORY OF INDIAN BANKING SYSTEM
28
T3' *%.0) 7-(8 %( I(&%-: 2-11'& T3' G'('.-1 B-(8 $* I(&%- 9-0 '0)-71%03'& %( )3'
+'-. 1!". T3' E-0) I(&%- C$64-(+ '0)-71%03'& T3' B-(8 $* B'(5-1OC-12/))-
?1!0#@: B-(8 $* B$67-+ ?1!40@ -(& B-(8 $* M-&.-0 ?1!43@. T3' ('>) 7-(8 9-0
B-(8 $* H%(&/0)-( 93%23 9-0 '0)-71%03'& %( 1!0. T3'0' )3.'' %(&%,%&/-1 /(%)0
?B-(8 $* C-12/))-: B-(8 $* B$67-+: -(& B-(8 $* M-&.-0@ 9'.' 2-11'& -0
P.'0%&'(2+ B-(80. A11-3-7-& B-(8 93%23 9-0 '0)-71%03'& %( 1!"5 9-0 *$. )3'
*%.0) )%6' 2$641')'1+ ./( 7+ I(&%-(0. P/(K-7 N-)%$(-1 B-(8 L)&. 9-0 0') /4 %(
1!#4 9%)3 3'-&;/-.)'.0 -) L-3$.'. B')9''( 1#0" -(& 1#13: B-(8 $* I(&%-:
C'().-1 B-(8 $* I(&%-: B-(8 $* B-.$&-: C-(-.- B-(8: I(&%-( B-(8: -(& B-(8 $*
M+0$.' 9'.' 0') /4. I( 1#21: -11 4.'0%&'(2+ 7-(80 9'.' -6-15-6-)'& )$ *$.6
)3' I64'.%-1 B-(8 $* I(&%- 93%23 9-0 ./( 7+ E/.$4'-( S3-.'3$1&'.0. A*)'. )3-)
)3' R'0'.,' B-(8 $* I(&%- 9-0 '0)-71%03'& %( A4.%1 1#35. A) )3' )%6' $* *%.0)
43-0' )3' 5.$9)3 $* 7-(8%(5 0'2)$. 9-0 ,'.+ 01$9. B')9''( 1#13 -(& 1#4!
)3'.' 9'.' -44.$>%6-)'1+ 1100 06-11 7-(80 %( I(&%-. T$ 0).'-61%(' )3'
*/(2)%$(%(5 -(& -2)%,%)%'0 $* 2$66'.2%-1 7-(80: )3' G$,'.(6'() $* I(&%- 2-6'
/4 9%)3 )3' B-(8%(5 C$64-(%'0 A2): 1#4# 93%23 9-0 1-)'. 23-(5'& )$ B-(8%(5
R'5/1-)%$( A2) 1#4# -0 4'. -6'(&%(5 A2) $* 1#"5 ?A2) N$.23 $* 1#"5@. R'0'.,'
B-(8 $* I(&%- 9-0 ,'0)'& 9%)3 '>)'(0%,' 4$9'.0 *$. )3' 0/4'.,%0%$( $* 7-(8%(5
%( I(&%- -0 - C'().-1 B-(8%(5 A/)3$.%)+. A*)'. %(&'4'(&'(2': G$,'.(6'() 3-0
)-8'( 6$0) %64$.)-() 0)'40 %( .'5-.& $* I(&%-( B-(8%(5 S'2)$. .'*$.60. I( 1#55:
)3' I64'.%-1 B-(8 $* I(&%- 9-0 (-)%$(-1%E'& -(& 9-0 5%,'( )3' (-6' AS)-)'
B-(8 $* I(&%-A: )$ -2) -0 )3' 4.%(2%4-1 -5'() $* RBI -(& )$ 3-(&1' 7-(8%(5
).-(0-2)%$(0 -11 $,'. )3' 2$/().+. I) 9-0 '0)-71%03'& /(&'. S)-)' B-(8 $* I(&%-
A2): 1#55. S','( 7-(80 *$.6%(5 0/70%&%-.+ $* S)-)' B-(8 $* I(&%- 9-0
(-)%$(-1%E'& %( 1#"0. O( 1#)3 J/1+: 1#"#: 6-K$. 4.$2'00 $* (-)%$(-1%E-)%$( 9-0
2-..%'& $/). A) )3' 0-6' )%6' 14 6-K$. I(&%-( 2$66'.2%-1 7-(80 $* )3' 2$/().+
9'.' (-)%$(-1%E'&. I( 1#!0: -($)3'. 0%> 7-(80 9'.' (-)%$(-1%E'&: -(& )3/0
.-%0%(5 )3' (/67'. $* (-)%$(-1%E'& 7-(80 )$ 20. S','( 6$.' 7-(80 9'.'
(-)%$(-1%E'& 9%)3 &'4$0%)0 $,'. 200 C.$.'0. T%11 )3' +'-. 1#!0 -44.$>%6-)'1+
2"
!0R $* )3' 7-(8%(5 0'56'() %( I(&%- 9-0 /(&'. 5$,'.(6'()F0 $9('.03%4. O(
)3' 0/55'0)%$(0 $* N-.0%63-( C$66%))'': )3' B-(8%(5 R'5/1-)%$( A2) 9-0
-6'(&'& %( 1##3 -(& )3/0 )3' 5-)'0 *$. )3' ('9 4.%,-)' 0'2)$. 7-(80 9'.'
$4'('&. T3' *$11$9%(5 -.' )3' 6-K$.
0)'40 )-8'( 7+ )3' G$,'.(6'() $*
I(&%- )$ R'5/1-)' B-(8%(5 %(0)%)/)%$(0
%( )3' 2$/().+<=
1#4#< E(-2)6'() $* B-(8%(5
R'5/1-)%$( A2).
1#55< N-)%$(-1%0-)%$( $* S)-)' B-(8
$* I(&%-.
1#5#< N-)%$(-1%E-)%$( $* SBI 0/70%&%-.%'0.
1#"1< I(0/.-(2' 2$,'. '>)'(&'& )$ &'4$0%)0.
1#"#< N-)%$(-1%0-)%$( $* 14 6-K$. B-(80.
1#1< C.'-)%$( $* 2.'&%) 5/-.-()'' 2$.4$.-)%$(.
1#5< C.'-)%$( $* .'5%$(-1 ./.-1 7-(80.
1#!0< N-)%$(-1%0-)%$( $* 0','( 7-(80 9%)3 &'4$0%)0 $,'. 200 C.$.'0.
2.4 CLASSIFICATION OF BANKING INDUSTRY IN
INDIA
3#
I(&%-( 7-(8%(5 %(&/0).+ 3-0 7''( &%,%&'& %()$ )9$ 4-.)0: $.5-(%E'& -(&
/($.5-(%E'& 0'2)$.0. T3' $.5-(%E'& 0'2)$. 2$(0%0)0 $* R'0'.,' B-(8 $* I(&%-:
C$66'.2%-1 B-(80 -(& C$=$4'.-)%,' B-(80: -(& S4'2%-1%E'& F%(-(2%-1
I(0)%)/)%$(0 ?IDBI: ICICI: IFC ')2.@. T3' 2! /($.5-(%E'& 0'2)$.: 93%23 %0 ($)
3$6$5'('$/0: %0 1-.5'1+ 6-&' /4 $* 6$('+ 1'(&'.0 -(& %(&%5'($/0 7-(8'.0.
A( $/)1%(' $* )3' I(&%-( B-(8%(5 0)./2)/.' 6-+ 7' 4.'0'()'& -0 *$11$90<=
1. R'0'.,' 7-(80 $* I(&%-.
2. I(&%-( S23'&/1'& C$66'.2%-1 B-(80.
-@ S)-)' B-(8 $* I(&%- -(& %)0 -00$2%-)' 7-(80.
7@ T9'()+ (-)%$(-1%E'& 7-(80.
2@ R'5%$(-1 ./.-1 7-(80.
&@ O)3'. 023'&/1'& 2$66'.2%-1 7-(80.
3. F$.'%5( B-(80
4. N$(=023'&/1'& 7-(80.
5. C$=$4'.-)%,' 7-(80.
2.5 EVOLUTION OF BANKING SYSTEM
31
T3' 7-(8%(5 3%0)$.+ %0 %()'.'0)%(5 -(& .'*1'2)0 ',$1/)%$( %( ).-&' -(& 2$66'.2'.
I) -10$ )3.$90 1%53) $( 1%,%(5 0)+1': 4$1%)%2-1 -(& 2/1)/.-1 -04'2)0 $* 2%,%1%E'&
6-(8%(&. T3' 0).$(5'0) *-%)3 $* 4'$41' 3-0 -19-+0 7''( .'1%5%$( -(& G$&. T3'
0'-) $* .'1%5%$( -(& 41-2' $* 9$.03%4 9'.' 2$(0%&'.'& 0-*' 41-2' *$. 6$('+ -(&
,-1/-71'0. A(2%'() 3$6'0 &%&(B) 3-,' )3' 7'('*%) $* - 0)''1 0-*': )3'.'*$.': 6$0)
9'-1)3+ 4'$41' 3'1& -22$/()0 -) )3'%. )'641'0. N/6'.$/0 4'$41': 1%8' 4.%'0)0 $.
)'641' 9$.8'.0 9'.' 7$)3 &',$/) -(& 3$('0): -19-+0 $22/4%'& )3' )'641'0:
-&&%(5 - 0'(0' $* 0'2/.%)+. T3'.' -.' .'2$.&0 *.$6 G.''2': R$6': E5+4) -(&
A(2%'() B-7+1$( )3-) 0/55'0) )'641'0 1$-('& 6$('+ $/): %( -&&%)%$( )$ 8''4%(5
%) 0-*'. T3' *-2) )3-) 6$0) )'641'0 9'.' -10$ )3' *%(-(2%-1 2'()'.0 $* )3'%. 2%)%'0
-(& )3%0 %0 )3' 6-K$. .'-0$( )3-) )3'+ 9'.' .-(0-28'& &/.%(5 9-.0. T3' 4.-2)%2'
$* &'4$0%)%(5 4'.0$(-1 ,-1/-71'0 -))3'0' 41-2'0 93%23 9'.' -10$ */(2)%$(%(5 -0
)3' ).'-0/.%'0 %( -(2%'() B-7+1$( -5-%(0) - .'2'%4) 9-0 4'.3-40 )3' '-.1%'0) *$.6
$* LB-(8%(5N. G.-&/-11+ -0 )3' 4'.0$(-1 4$00'00%$( 5$) ',-1/-)'& %( )'.6 $*
6$('+: %( *$.6 $* 2$%(0 6-&' $* 4.'2%$/0 6')-1 1%8' 5$1& -(& 0%1,'.: )3'0' 9'.'
7'%(5 &'4$0%)'& %( )3' )'641' ).'-0/.%'0. A0 )3'0' 2$%(0 9'.' 2$66$(1+
-22'4)'& *$.6 $* 9'-1)3: S1'(&%(5F -2)%,%)+ )$ )3$0' 93$ (''&'& %) -(& 9'.'
4.'4-.'& )$ S7$..$9F -) -( %()'.'0) 7'5-(.
T3' 4'.0$( 93$ 2$(&/2)'& )3%0 S1'(&%(5F -2)%,%)+ 9-0 8($9( -0 )3' LB-(8'.N
7'2-/0' $* )3' 7'(23 3' /0/-11+ 0'). I) %0 -10$ $70'.,'& )3-) )3' )'.6 S7-(8./4)F
5$) ',$1,'& )3'( -0 )3' %.-)' &'4$0%)$.0 7.$8' )3' 7'(23 -(& )-71' $* )3'
%(0$1,'() 7-(8'.. W%)3 )3' '>4-(0%$( $* ).-&' )3' 2$(2'4) $* 7-(8%(5 5-%('&
5.'-)'. 5.$/(&. T3' 3-(&1%(5 $* L7-(8%(5N ).-(02'(&'& *.$6 %(&%,%&/-1 )$
5.$/40 )$ 2$64-(%'0. I00/%(5 2/..'(2+ 9-0 $(' $* )3' 6-K$. */(2)%$(0 $* )3'
7-(80. T3' '-.1%'0) *.$6 $* 6$('+ 2$%(0: 9'.' - 2'.)%*%2-)' $* ,-1/' 0)-64'& $(
- 6')-1: /0/-11+ 5$1&: 0%1,'.: -(& 7.$(E' $. -(+ $)3'. 6')-1: 7+ -( -/)3$.%)+:
/0/-11+ )3' 8%(5. W%)3 )3' %(2.'-0%(5 7'1%'* -(& *-%)3 %( 0/23 -/)3$.%)+ $* )3'%.
,-1/-)%$( -(& )3' ('2'00%)%'0 $* 9%&'. ).-&' - 0/70)%)/)' )$ 6')-1 9-0 *$/(& %(
32
4-4'.. T3' ,-5-.%'0 $* 6$(-.23%2-1 ./1' 1'& )$ )3' %00/'0 $* 2/..'(2+ 7'%(5
,'0)'& 9%)3 )3' 7-(80 0%(2' )3'+ '(K$+'& *-%)3: 2$().$11'& 2.'&%) -(&
).-&%(5. D/' )$ *-%1/.' $( -22$/() $* /(9%0' 1$-(0: )$ ./1' -(& $.5-(%E': - 0)-71'
7-(8%(5 0+0)'6 -.$0'. T3' 9$.&F0 '-.1%'0) 7-(8 2/..'(2+ ($)'0 9'.' %00/'& %(
S9'&'( 7+ 0)$28 3$160 B-(2$ %( J/1+ 1""1.

33
CHAPTER#3
REAL TIME GROSS SETTLEMENT
>RTGS?
3.1 INTRODUCTION
34
I( )3' G=10 2$/().%'0: )3' *%.0) -/)$6-)'& RTGS 0+0)'6 9-0 F'& 9%.' %( )3'
U(%)'& S)-)'0. T3' 6$&'.( ,'.0%$( $* F'& 9%.': 7-0'& $( - 2$64/)'.%0'&: 3%53=
04''& '1'2).$(%2 )'1'2$66/(%2-)%$(0 -(& 4.$2'00%(5 (')9$.8: 9-0 1-/(23'& %(
1#0. B+ )3' '(& $* )3' 1#!00: 0%> G=10
2$/().%'0 3-& %().$&/2'& RTGS 0+0)'60 $.
1-.5'=,-1/' ).-(0*'. 0+0)'60 9%)3 -( RTGS
*-2%1%)+. T3'0' 0+0)'60 9'.' FA %( )3'
N')3'.1-(&0 ?1#!5@: RIT %( S9'&'(
?1#!"@: SIC %( S9%)E'.1-(& ?1#!@: EIL=
UV %( G'.6-(+ ?1#!@: BOJ=NET %( J-4-(
?1#!!@ -(& BISS %( I)-1+ ?1#!#@. I( )3' 1##00: */.)3'. ('9 RTGS 0+0)'60 3-,'
7''( %().$&/2'&: 93%1' 0$6' $* )3' '>%0)%(5 0+0)'60 3-,' .'2'()1+ /45.-&'&
)3'%. .%08 6-(-5'6'() 2-4-7%1%)%'0 -(& 0+0)'6 -.23%)'2)/.'. F$. '>-641': )3'
F'&'.-1 R'0'.,' 0)-.)'& 23-.5%(5 - *'' *$. %().-&-+ ?&-+1%53)@ $,'.&.-*)0 %( F'&
9%.' -0 *.$6 A4.%1 1##4: 93%1' SIC 9-0 /4&-)'& )$ %().$&/2' 4.%$.%)%0-)%$(
*-2%1%)%'0 %()$ )3' 2'().-11+ 1$2-)'& ;/'/%(5 %( J/1+ 1##4. N'9 RTGS 0+0)'60
%(21/&' CHAPS %( )3' U(%)'& K%(5&$6: 93%23 4.',%$/01+ $4'.-)'& -0 - (')
0'))1'6'() 0+0)'6 7/) 7'2-6' -( RTGS 0+0)'6 %( A4.%1 1##": -(& ELLIPS %(
B'15%/6: 93%23 2-6' %()$ $4'.-)%$( %( S'4)'67'. 1##". I( F.-(2' TBF %0 /(&'.
&','1$46'(). I( I)-1+ -(& )3' N')3'.1-(&0 )3' '>%0)%(5 0+0)'60 ?BISS -(& FA@
9%11 7' .'41-2'& 7+ 2$641')'1+ .'&'0%5('& 0+0)'60 8($9( -0 BI=REL -(& TOP
.'04'2)%,'1+. A22$.&%(5 )$ 2/..'() 41-(0: RTGS 0+0)'60 9%11 ','()/-11+ 7' %(
$4'.-)%$( %( -11 G=10 2$/().%'0 '>2'4) C-(-&- 7+ 1-)' 1##.
T3' &'0%5( $* G=10 RTGS 0+0)'60 &%**'.0 2$(0%&'.-71+. F$. '>-641': )3'
0+0)'60 2-( 7' &%,%&'& 7.$-&1+ %()$ )9$ 5.$/40 I 0+0)'60 9%)3$/) - 2'().-1
7-(8 %().-&-+ 2.'&%) *-2%1%)+ -(& 0+0)'60 9%)3 - 2'().-1 7-(8 %().-&-+ 2.'&%)
*-2%1%)+. T3' 0+0)'60 7'1$(5%(5 )$ )3' *$.6'. 5.$/4 -.' SIC ?S9%)E'.1-(&@ -(&
BOJ=NET ?J-4-(@. I( SIC: ).-(0*'. $.&'.0 -.' )'64$.-.%1+ 3'1& %( )3' 2'().-11+
35
1$2-)'& ;/'/' %* 2$,'.%(5 */(&0 -.' ($) 0/**%2%'() -(& -.' 4.$2'00'& $( )3' 7-0%0
$* )3' FIFO ?A*%.0) % *%.0) $/)A@ ./1' 0/7K'2) )$ -00%5('& 4.%$.%)%'0 /4$( )3'
-,-%1-7%1%)+ $* */(&0: 93%1' %( BOJ=NET /(2$,'.'& ).-(0*'. $.&'.0 -.' .'K'2)'&
-(& .')/.('& )$ )3' 0'(&%(5 7-(8.
I( )3' .'6-%(%(5 G=10 RTGS 0+0)'60: 2'().-1 7-(80 ?9%11@ 4.$,%&' %().-&-+
2.'&%). I( ELLIPS ?B'15%/6@: EIL=UV ?G'.6-(+@: BI=REL ?I)-1+@: TOP
?N')3'.1-(&0@: RIT ?S9'&'(@ -(& F'& 9%.' ?U(%)'& S)-)'0@: %().-&-+ 2.'&%) %0 $.
9%11 7' '>)'(&'& )3.$/53 %().-&-+ $,'.&.-*) *-2%1%)%'0. I( F'& 9%.' -( %(0)%)/)%$(
)3-) %(2/.0 -( $,'.&.-*) %0 23-.5'& - *'' 7-0'& $( %)0 -,'.-5' &-%1+ $,'.&.-*) -(&
)3' 0%E' $* )3' $,'.&.-*) %0 1%6%)'& -22$.&%(5 )$ - 4.'&')'.6%('& 2-4C 2$11-)'.-1
%0 .';/%.'& %( 2'.)-%( .-.' 2-0'0 -(& 93'( -( %(0)%)/)%$( *.';/'()1+ '>2''&0 %)0
2-4 7+ 6-)'.%-1 -6$/()0 0$1'1+ $( -22$/() $* 7$$8='().+ 0'2/.%)%'0 ).-(0-2)%$(0.
I( CHAPS ?U(%)'& K%(5&$6@: )3' 2'().-1 7-(8 &$'0 ($) -11$9 $,'.&.-*)0 7/)
%(0)'-& 4.$,%&'0 %().-&-+ 1%;/%&%)+ )3.$/53 %().-&-+ .'4$0C - 0%6%1-. -44.$-23
9%11 7' -&$4)'& %( TBF ?F.-(2'@. I( 7$)3 )3'0' 2-0'0 .'4$0 3-,' 7''( 23$0'(
1-.5'1+ *$. .'-0$(0 -00$2%-)'& 9%)3 )3' 1'5-1 0)-)/0 $* )3' 2'().-1 7-(8F0 21-%6 $(
)3' 0'2/.%)%'0 4.$,%&'&.
B'0%&'0 SIC: 2'().-11+ 1$2-)'& ;/'/'0 -.' $. 9%11 7' 4.$,%&'& %( ELLIPS: EIL=
UV: TBF: BI=REL: TOP -(& RIT: -1)3$/53 )3'%. -.23%)'2)/.' 03$90
2$(0%&'.-71' &%,'.0%)+. CHAPS -.' 7-0'& 4.%6-.%1+ $( %()'.(-1 ;/'/'0C %) %0 *$.
'-23 7-(8 )$ &'2%&' )3' (-)/.' $* )3' 4-+6'() *1$9 2$().$1 4.$2'00 )$ 7' -441%'&
)$ ).-(0*'. $.&'.0 %( -( %()'.(-1 ;/'/'. A('2&$)-1 %(*$.6-)%$( 0/55'0)0 )3-)
%()'.(-1 ;/'/%(5 -..-(5'6'()0 -.' -10$ /0'& 7+ 0$6' 1-.5'. 4-.)%2%4-()0 %( F'&
9%.'. F/.)3'.6$.': %) %0 -10$ .'4$.)'& )3-) 6-(+ 1-.5' 7-(80 /0' %()'.(-1 ;/'/%(5
4.$2'00'0 ','( %( RTGS 0+0)'60 9%)3 2'().-11+ 1$2-)'& ;/'/%(5 ?'.5. SIC -(&
BI=REL@. T3%0 0/55'0)0 )3-) 4-.)%2%4-()0 %( RTGS 0+0)'60 $*)'( -2)%,'1+
6-(-5' )3'%. $9( 4-+6'() *1$90.
36
RTGS 9-0 *%.0) %().$&/2'& %( 1##! -(& )3' 6-%( .-)%$(-1' 7'3%(& %)0
%().$&/2)%$( 9-0 )$ .'&/2' )3' 0'))1'6'() .%080 )3-) 9'.' -00$2%-)'& 9%)3 )3'
4.',%$/0 4-+6'() 0+0)'6. A22$.&%(5 )$ V%('+: ARTGS .';/%.'0 '-23 3%53=,-1/'
4-+6'() ).-(0-2)%$( )$ 7' 0'))1'& %66'&%-)'1+ 7+ ).-(0*'. $* '>23-(5'
0'))1'6'() -22$/() */(&0 ?3'1& 9%)3 )3' R'0'.,' B-(8@ *.$6 )3' 0'(&%(5
%(0)%)/)%$( )$ )3' .'2%4%'() %(0)%)/)%$(A ?V%('+ 200#: 4. 432@. I( )3' $)3'. 9$.&0:
RTGS ).-(0-2)%$( %0 0'))1'& %(&%,%&/-11+ 7+ %)0 5.$00 ,-1/' )3.$/53 )3' '>23-(5'
0'))1'6'() ?ES@ -22$/()0: 93%23 -.' 04'2%-1 -22$/() %( R'0'.,' B-(8 A/0).-1%-
-(& -.' /0'& )$ 0'))1'& ).-(0-2)%$(0 7')9''( 7-(80 -(& %(0)%)/)%$(0. F.$6 )3'
7'5%((%(5 /4 )%11 ($9: %) %0 -10$ 9$.)3 6'()%$(%(5 )3-) ($ 1'00 )3-( 5R $* )3'
,-1/' $* ($(=2-03 ).-(0-2)%$(0 93%23 )-8' 41-2' %( A/0).-1%- -.' 6-&' /4 $* -
06-11 (/67'. $* 3%53=,-1/' 4-+6'()0 93%23 -.' 2-..%'& $/) ,%- )3' .'-1 )%6'
5.$00 0'))1'6'() 0+0)'6 ?RTGS@ ?R'0'.,' 7-(8 $* A/0).-1%- 2011@. O(' $* )3'
6-%( .'-0$(0 93+ %) 2-( 7' 0-%& )3-) )3' RTGS 0+0)'6 3-0 6-&' A/0).-1%-B0
4-+6'() 0+0)'6 6$.' '**%2%'() 0)'60 *.$6 )3' *-2) )3-) %) 3-0 6$.' $. 1'00
2/.)-%1'& )3' -22/6/1-)%$( $* 0'))1'6'() '>4$0/.' 7')9''( *%(-(2%-1 %(0)%)/)%$(0
7+ ,%.)/' $* )3' '>23-(5' $* 4-+6'()0 -(& &'7) 0'2/.%)+ ).-(0-2)%$(0 93%23 -.'
3%53=,-1/' %( (-)/.' ?R'0'.,' B-(8 $* A/0).-1%- 2010@.
P.%$. )$ J/(' 22(& 1##!: %( A/0).-1%- -16$0) -11 ($(=2-03'& ).-(0-2)%$(0 9'.'
0'))1'&. U(&'. )3%0 0'))1'6'() 4.$2'00: &'04%)' )3' 0%E' $* )3' ).-(0-2)%$(0: ($(=
2-03'& ).-(0-2)%$(0 9'.' -11 7-)23'& )$5')3'. -(& )3' (') 4$0%)%$(0 9$/1& 7'
0'))1'& -) #AM )3' ('>) 7/0%('00 &-+ )3.$/53 )3' ES -22$/()0 $* %(,$1,'& 7-(80
$. $)3'. %(0)%)/)'0 -22$.&%(51+ ?R'0'.,' B-(8 $* A/0).-1%- 2004@. W%)3 3/5'
(/67'. $* 4-.)%2%4-()0 -(& '($.6$/0 )$)-1 ,-1/' $* ).-(0-2)%$(0 '-23 &-+: )3'
0'))1'6'() .%08 9$/1& 7' ,'.+ 1%8'1+ )$ $22/.. I) 9$/1& )-8' 41-2' 93'( - 4-.)+
)$ - ).-(0-2)%$( *-%1'& )$ &'1%,'. %)0 0'))1'6'()0 9%)3%( )3' *%(-(2%-1 0+0)'6. T3-)
9$/1& %(2.'-0' )3' 4.$7-7%1%)+ $* 0+0)'6%2 .%08 93%23 9$/1& 7'2$6' - .'-1%)+
37
93'( $(' $. 6$.' $* )3$0' 0'))1'6'() *-%1/.'0 2-/0%(5 )3' 4-+6'()0 0+0)'6
2$11-40'.
I( I(&%- )3' RTGS 0+0)'6 9-0 %().$&/2'& %( M-.23 2004 -(& ($9 '>)'(&0 )$
:0#3 7.-(23'0 -0 -) )3' '(& $* J/(' 2011. RTGS 0'))1'0 5.$00 %()'.=7-(8 -(&
2/0)$6'. ?R0.2 1-83 -(& -7$,'@ ).-(0-2)%$(0. O( -( -,'.-5' RTGS 0'))1'0 1.!
1-83 ).-(0-2)%$(0 9%)3 - ,-1/' $* R0. 4 ).%11%$( $( - &-%1+ 7-0%0. C$(0%&'.%(5 )3'
%64$.)-(2' $* RTGS *$. 0'))1%(5 1-.5' ,-1/' 4-+6'() 0+0)'60: -2)%$( 3-0 7''(
%(%)%-)'& *$. 4/))%(5 %( 41-2' - N'>)=G'( RTGS. N'>)G'( RTGS 0)'40 3-,' 7''(
%(%)%-)'& )$ .'41-2' )3' '>%0)%(5 RTGS 0+0)'6 9%)3 )3' N'>) G'('.-)%$( R'-1
T%6' G.$00 S'))1'6'() ?NG=RTGS@ 7+ -&$4)%(5 )3' 1-)'0) )'23($1$5+ -(&
'6'.5%(5 7/0%('00 4.$2'00'0. S$6' $* )3' ('9 *'-)/.'0 4.$4$0'& )$ 7'
%641'6'()'& %( )3' NG=RTGS 0+0)'6 -.' -&,-(2'& 1%;/%&%)+ 6-(-5'6'()
*-2%1%)+C '>)'(0%71' 6-.8=/4 1-(5/-5' ?TML@ 7-0'& 6'00-5%(5 0+0)'6
2$(*$.6%(5 )$ ISO 20022C -(& .'-1 )%6' %(*$.6-)%$( -(& ).-(0-2)%$( 6$(%)$.%(5
-(& 2$().$1 0+0)'60.
38
3.2 OVERVIE OF RTGS SYSTEMS
DEFINITION
A( RTGS 0+0)'6 %0 &'*%('& %( )3%0 .'4$.) -0 - 5.$00 0'))1'6'() 0+0)'6 %( 93%23
7$)3 4.$2'00%(5 -(& *%(-1 0'))1'6'() $*
*/(&0 ).-(0*'. %(0)./2)%$(0 2-( )-8' 41-2'
2$()%(/$/01+ ?%.'. %( .'-1 )%6'@. A0 %) %0 -
5.$00 0'))1'6'() 0+0)'6: ).-(0*'.0 -.'
0'))1'& %(&%,%&/-11+: )3-) %0: 9%)3$/) ('))%(5
&'7%)0 -5-%(0) 2.'&%)0. A0 %) %0 - .'-1=)%6'
0'))1'6'() 0+0)'6: )3' 0+0)'6 '**'2)0 *%(-1
0'))1'6'() 2$()%(/$/01+ .-)3'. )3-( 4'.%$&%2-11+ -) 4.'=04'2%*%'& )%6'0 4.$,%&'&
)3-) - 0'(&%(5 7-(8 3-0 0/**%2%'() 2$,'.%(5 7-1-(2'0 $. 2.'&%). M$.'$,'.: )3%0
0'))1'6'() 4.$2'00 %0 7-0'& $( )3' .'-1=)%6' ).-(0*'. $* 2'().-1 7-(8 6$('+. A(
RTGS 0+0)'6 2-( )3/0 7' 23-.-2)'.%0'& -0 - */(&0 ).-(0*'. 0+0)'6 )3-) %0 -71' )$
4.$,%&' 2$()%(/$/0 %().-&-+ *%(-1%)+ *$. %(&%,%&/-1 ).-(0*'.0.
MAIN FEATURES OF RTGS SYSTEMS
A( RTGS 0+0)'6 %0 &'*%('& -0 - 5.$00 0'))1'6'() 0+0)'6 %( 93%23 7$)3
4.$2'00%(5 -(& *%(-1 0'))1'6'() $* */(&0 ).-(0*'. %(0)./2)%$(0 2-( )-8' 41-2'
2$()%(/$/01+ ?%.'. %( .'-1 )%6'@. A0 %) %0 - 5.$00 0'))1'6'() 0+0)'6: ).-(0*'.0 -.'
0'))1'& %(&%,%&/-11+: )3-) %0: 9%)3$/) ('))%(5 &'7%)0 -5-%(0) 2.'&%)0. A0 %) %0 - .'-1=
)%6' 0'))1'6'() 0+0)'6: )3' 0+0)'6 '**'2)0 *%(-1 0'))1'6'() 2$()%(/$/01+ .-)3'.
)3-( 4'.%$&%2-11+ -) 4.'=04'2%*%'& )%6'0 4.$,%&'& )3-) - 0'(&%(5 7-(8 3-0
0/**%2%'() 2$,'.%(5 7-1-(2'0 $. 2.'&%). M$.'$,'.: )3%0 0'))1'6'() 4.$2'00 %0 7-0'&
$( )3' .'-1=)%6' ).-(0*'. $* 2'().-1 7-(8 6$('+. A( RTGS 0+0)'6 2-( )3/0 7'
23-.-2)'.%E'& -0 - */(&0 ).-(0*'. 0+0)'6 )3-) %0 -71' )$ 4.$,%&' 2$()%(/$/0
%().-&-+ *%(-1%)+ *$. %(&%,%&/-1 ).-(0*'.0.
3"
PAYMENT PROCESSING
W%)3%( )3%0 7.$-& &'*%(%)%$ )3' $4'.-)%$(-1 &'0%5( $* RTGS 0+0)'60 2-( &%**'.
9%&'1+. I( 4-.)%2/1-.: %64$.)-() &%**'.'(2'0 6-+ -.%0' %( )3' -44.$-23'0 )$
4-+6'() 4.$2'00%(5 93'( )3' 0'(&%(5 7-(8 &$'0 ($) 3-,' 0/**%2%'() 2$,'.%(5
*/(&0 %( %)0 2'().-1 7-(8 -22$/(). O(' 4$00%71' 9-+ $* ).'-)%(5 ).-(0*'. $.&'.0 %(
0/23 2%.2/60)-(2'0 %0 *$. )3' 0+0)'6 )$ .'K'2) )3' $.&'.0 -(& .')/.( )3'6 )$ )3'
0'(&%(5 7-(8. T3' .'K'2)'& ).-(0*'. $.&'.0 9%11 7' %(4/) %()$ )3' 0+0)'6 -5-%( -)
- 1-)'. )%6' 93'( )3' 0'(&%(5 7-(8 3-0 2$,'.%(5 */(&0. U()%1 )3-) )%6': 0'(&%(5
7-(80 6-+ 8''4 -(& 2$().$1 )3' 4'(&%(5 ).-(0*'.0 9%)3%( )3'%. %()'.(-1 0+0)'60
?%()'.(-1 ;/'/'0@. A1)'.(-)%,'1+: )3' RTGS 0+0)'6 6-+ )'64$.-.%1+ 8''4 )3'
).-(0*'. $.&'.0 %( %)0 2'().-1 4.$2'00$. ?0+0)'6 $. 2'().-11+ 1$2-)'& ;/'/'0@
%(0)'-& $* .'K'2)%(5 )3'6. I( )3%0 2-0': )3' 4'(&%(5 ).-(0*'.0 9%11 7' .'1'-0'& *$.
0'))1'6'() 93'( 2$,'.%(5 */(&0 7'2$6' -,-%1-71' $( )3' 7-0%0 $* 4.'&'*%('&
./1'0: -5.''& 7')9''( )3' 0+0)'6 -(& )3' 4-.)%2%4-)%(5 7-(80. I( 6-(+ 2-0'0 )3'
).-(0*'. $.&'.0 -.' 4.$2'00'& -(& 0'))1'& 9%)3 )3' '>)'(0%$( $* 2'().-1 7-(8
2.'&%): ($.6-11+ 4.$,%&'& *$. - 4'.%$& $* 1'00 )3-( $(' 7/0%('00 &-+ ?%().-&-+
2.'&%)@C %( $)3'. 9$.&0: )3' 2'().-1 7-(8 4.$,%&'0 7-(80 9%)3 )3' ('2'00-.+
2$,'.%(5 */(&0 -) )3' )%6' $* 4.$2'00%(5 7+ '>)'(&%(5 0/23 2.'&%). T3' 2'().-1
7-(8 2$/1& )-8' - .-(5' $* -44.$-23'0 )$ )3' 4.$,%0%$( $* %().-&-+ 2.'&%) %(
)'.60 $* ?-@ )3' -6$/() $* 2.'&%) ?%(21/&%(5 - E'.$ -6$/()@: ?7@ )3' 6')3$& 7+
93%23 2.'&%) %0 '>)'(&'& ?'.5. $,'.&.-*) $. .'4$@: ?2@ )3' )'.60 $( )3' 2.'&%) ?'.5.
*.'' $. 4.%2'&@ -(& ?&@ )3' 2$11-)'.-1 .';/%.'6'()0 ?%* -([email protected]'0' 4$00%7%1%)%'0 $*
4-+6'() 4.$2'00%(5 ?%.'. .'K'2)'&: 2'().-11+ ;/'/'&: 0'))1'& 9%)3 2'().-1 7-(8
2.'&%)@ -.' ($) ('2'00-.%1+ 6/)/-11+ '>21/0%,'. F$. '>-641': 93'( )3' 4.$,%0%$(
$* 2'().-1 7-(8 2.'&%) %0 2$(0).-%('& %( 0$6' 9-+: )3' ).-(0*'. $.&'.0 *$. 93%23
)3' 0'(&%(5 7-(8 2$/1&O9$/1& ($) $7)-%( 2'().-1 7-(8 2.'&%) 9%11 7' .'K'2)'& $.
2'().-11+ ;/'/'&. I( .'2'() +'-.0: ('9 $. 41-(('& RTGS 0+0)'60 3-,' )'(&'& )$
4#
-441+ - 2$67%(-)%$( $* )3'0' 4$00%7%1%)%'0 .-)3'. )3-( 7'%(5 7-0'& $( $(1+ $('
*$.6 $* 4-+6'() 4.$2'00%(5.
ABILITY TO LIMIT PAYMENT SYSTEM RISKC
RTGS 0+0)'60 2-( 2$().%7/)' 0/70)-()%-11+ )$ 1%6%)%(5 4-+6'() 0+0)'6 .%080.
W%)3 )3'%. 2$()%(/$/0 %().-&-+ *%(-1 ).-(0*'. 2-4-7%1%)+: RTGS 0+0)'60 -.' -71'
)$ 6%(%6%E' $. ','( '1%6%(-)' )3' 7-0%2 %()'.7-(8 .%080 %( )3' 0'))1'6'()
4.$2'00. M$.' 04'2%*%2-11+: RTGS 2-( 0/70)-()%-11+ .'&/2' )3' &/.-)%$( $* 2.'&%)
-(& 1%;/%&%)+ '>4$0/.'0. T$ )3' '>)'() )3-) 0/**%2%'() 2$,'.%(5 */(&0 -.'
-,-%1-71' -) )3' )%6' $* 4.$2'00%(5: 0'))1'6'() 1-50 9%11 -44.$-23 E'.$ -(& 0$ )3'
4.%6-.+ 0$/.2' $* .%080 %( %()'.7-(8 */(&0 ).-(0*'.0 2-( 7' '1%6%(-)'&. O(2'
0'))1'6'() %0 '**'2)'&: )3' .'2'%,%(5 7-(8 2-( 2.'&%) )3' */(&0 )$ %)0 2/0)$6'.0:
/0' )3'6 *$. %)0 $9( 0'))1'6'() 4/.4$0'0 %( $)3'. 0'))1'6'() 0+0)'60 $. /0'
)3'6 %( '>23-(5' *$. -00')0 %66'&%-)'1+ 9%)3$/) *-2%(5 )3' .%08 $* )3' */(&0
7'%(5 .',$8'&. T3%0 2-4-7%1%)+ -10$ %641%'0 )3-): %* -( RTGS 0+0)'6 9'.' 1%(8'&
)$ $)3'. 0'))1'6'() 0+0)'60: )3' .'-1=)%6' ).-(0*'. $* %..',$2-71' -(&
/(2$(&%)%$(-1 */(&0 *.$6 )3' RTGS 0+0)'6 )$ )3' $)3'. 0+0)'60 9$/1& 7'
4$00%71'. T3' /0' $* RTGS 2$/1& )3'.'*$.' 2$().%7/)' )$ 1%(8%(5 )3' 0'))1'6'()
4.$2'00'0 %( &%**'.'() */(&0 ).-(0*'. 0+0)'60 9%)3$/) )3' .%08 $* 4-+6'()0 7'%(5
.',$8'&.
INTRADAY LIDUIDITY REDUIREMENTSC
P.$,%&'& )3-) )3'.' -.' ($ 1'5-1 4.$71'60 9%)3 .'5-.& )$ 0'))1'6'() *%(-1%)+: )3'
$(1+ 0)./2)/.-1 %64'&%6'() )$ 2$()%(/$/0 %().-&-+ *%(-1%)+ %0 -(+ 1%;/%&%)+
2$(0).-%() - 0'(&%(5 7-(8 6-+ *-2' &/.%(5 )3' &-+. A 1%;/%&%)+ 2$(0).-%() %( -(
RTGS '(,%.$(6'() 3-0 )9$ 7-0%2 23-.-2)'.%0)%20: (-6'1+ )3-) %) %0 - 2$()%(/$/0
2$(0).-%() *$. 0'))1%(5 */(&0 ).-(0*'.0 -(& )3-) %().-&-+ 1%;/%&%)+ .';/%.'6'()0
6/0) 7' */(&'& 7+ 2'().-1 7-(8 6$('+C 7-(80 6/0) )3'.'*$.' 3-,' 0/**%2%'()
7-1-(2'0 %( )3'%. 2'().-1 7-(8 -22$/()0 )3.$/53$/) )3' 4.$2'00%(5 &-+. I().-&-+
41
1%;/%&%)+ .';/%.'6'()0 .-%0' %64$.)-() %00/'0 *$. 7$)3 )3' 2'().-1 7-(8 -(& )3'
4.%,-)' 0'2)$.. C'().-1 7-(80: *$. )3'%. 4-.): *-2' - 23$%2' -0 )$ 93')3'. $. ($) )$
4.$,%&' 7-(80 9%)3 %().-&-+ 1%;/%&%)+ -(&: %* 0$: 93-) *$.6 )3-) 4.$,%0%$( 9%11
)-8' ?'.5. 7+ 93-) 6'23-(%060 -(& $( 93-) )'.60 )3' 2.'&%) 9%11 7' 4.$,%&'&:
-(& 3$9 -(+ .'0/1)%(5 '>4$0/.'0 9%11 7' 6-(-5'&@.T3' %().-&-+ 1%;/%&%)+
.';/%.'6'()0 /(&'. - 4-.)%2/1-. RTGS 0+0)'6 &'4'(& 2.%)%2-11+ $( ?-@ )3'
0)./2)/.' $* *%(-(2%-1 6-.8')0 -(& 0+0)'60 ?'.5. )3' -&';/-2+ $* 4.%,-)' 0'2)$.
0$/.2'0 $* 1%;/%&%)+: )3' -6$/() $* 2$11-)'.-1O0'2/.%)%'0 -,-%1-71': .'0'.,'
.';/%.'6'() .'5%6'0@ -(& ?7@ )3' 2'().-1 7-(8B0 4$1%2+ .'5-.&%(5 )3' 4.$,%0%$(
$* %().-&-+ 2.'&%). T3' 6'-(0 7+ 93%23 %().-&-+ 1%;/%&%)+ %0 4.$,%&'& 2-(
0%5(%*%2-()1+ -**'2) )3' '>)'() )$ 93%23 %66'&%-)': $. -) 1'-0) ,'.+ )%6'1+: *%(-1
0'))1'6'() $22/.0: -(&: /1)%6-)'1+: %)
2-( %(*1/'(2' )3' 7-1-(2' 7')9''( )3' 4$)'()%-1 7'('*%)0 -(& 2$0)0 $* RTGS
0+0)'60.
MESSAGE FLO STRUCTURESC
A 1-5 7')9''( )3' )%6' -) 93%23 %(*$.6-)%$( %0 6-&' -,-%1-71' )$ .'2'%,%(5
7-(80 -(& )3' )%6' -) 93%23 0'))1'6'() )-8'0 41-2' 6-+ 3-,' %64$.)-() .%08
%641%2-)%$(0 %( 1-.5'=,-1/' */(&0 ).-(0*'. 0+0)'60. E,'( %( )3' RTGS
'(,%.$(6'(): 93'.' 7$)3 4.$2'00%(5 -(& *%(-1 0'))1'6'() -.' 6-&' %( .'-1=)%6':
0','.-1 2%.2/60)-(2'0 2-( 7' %&'()%*%'& %( 93%23 )3' ).'-)6'() $* 4-+6'()
6'00-5'0 $. )3' -00$2%-)'& %(*$.6-)%$( 2$/1& 7' - 0$/.2' $* .%08. T3'.' -.' )9$
&%**'.'() )+4'0 $* 6'00-5' *1$9 0)./2)/.' )3-) -.' 9%&'1+ /0'& %( RTGS 0+0)'60.
V=SHAPED STRUCTURE< T$ %(%)%-)' - */(&0 ).-(0*'. )3' 0'(&%(5 7-(8
&%04-)23'0 - 4-+6'() 6'00-5' 93%23 %0 0/70';/'()1+ .$/)'& )$ )3' 2'().-1 7-(8
-(& )$ )3' .'2'%,%(5 7-(8 -0 )3' 0+0)'6 4.$2'00'0 -(& 0'))1'0 )3' ).-(0*'..
A..-(5'6'()0 *$. .$/)%(5 4-+6'() 6'00-5'0 %( )3' 6-K$.%)+ $* RTGS 0+0)'60
-.' $. 9%11 7' 7-0'& $( - 0$=2-11'& V=03-4'& 6'00-5' *1$9 0)./2)/.'. I( )3%0
42
0)./2)/.' )3' */11 6'00-5' 9%)3 -11 )3' %(*$.6-)%$( -7$/) )3' 4-+6'() ?%(21/&%(5:
*$. '>-641': )3' &')-%10 $* )3' 7'('*%2%-.+@ %0 %(%)%-11+ 4-00'& )$ )3' 2'().-1 7-(8
-(& %0 0'() )$ )3' .'2'%,%(5 7-(8 $(1+ -*)'. )3' ).-(0*'. 3-0 7''( 0'))1'& 7+ )3'
2'().-1 7-(8
Y=SHAPED STRUCTURE< I( )3%0 2-0': )3' 4-+6'() 6'00-5' %0 ).-(06%))'& 7+
)3' 0'(&%(5 7-(8 )$ - 2'().-1 4.$2'00$.. T3' 2'().-1 4.$2'00$. )-8'0 - 0/70') $*
%(*$.6-)%$( )3-) %0 ('2'00-.+ *$. 0'))1'6'() *.$6 )3' $.%5%(-1 6'00-5' -(&
.$/)'0 )3%0 2$.' 0/70') )$ )3' 2'().-1 7-(8 ?)3' $.%5%(-1 6'00-5' 7'%(5 8'4) %(
)3' 2'().-1 4.$2'00$.@. U4$( .'2'%4) $* )3' 2$.' 0/70'): )3' 2'().-1 7-(8 23'280
)3-) )3' 0'(&%(5 7-(8 3-0 0/**%2%'() 2$,'.%(5 */(&0 $( %)0 -22$/() -(& %(*$.60
)3' 2'().-1 4.$2'00$. $* )3' 0)-)/0 $* )3' ).-(0*'.: *$. %(0)-(2' ;/'/'& $. 0'))1'&.
O(2' 0'))1'&: )3' */11 6'00-5' 2$()-%(%(5 )3' 2$(*%.6-)%$( $* 0'))1'6'() %0
.'7/%1) 7+ )3' 2'().-1 4.$2'00$. -(& 0'() )$ )3' .'2'%,%(5 7-(8. T3' 7/0%('00
%(*$.6-)%$( '>23-(5'& 7')9''( )3' 0'(&%(5 -(& .'2'%,%(5 7-(8 ?0/23 -0 )3'
%&'()%)+ $* )3' 7'('*%2%-.+@ %0 )3'.'*$.' ($) 8($9( 7+ )3' 0'))1'6'() -5'().
DUEUING ARRANGEMENTSC
B.$-&1+ &'*%('&: ;/'/%(5 .'*'.0 )$ -( -..-(5'6'() 93'.'7+ */(&0 ).-(0*'.
$.&'.0 -.' 3'1& 4'(&%(5 7+ )3' 0'(&%(5 7-(8 $. 7+ )3' 0+0)'6 %( - 2'.)-%( $.&'.
0$ -0 )$ 4.','() -(+ 1%6%)0 0') -5-%(0) )3' 0'(&%(5 7-(8 *.$6 7'%(5 7.'-23'& $.
)$ 6-(-5' 1%;/%&%)+ 6$.' 5'('.-11+. I( RTGS 0+0)'60: ;/'/'0 -.' 6$0)
2$66$(1+ 5'('.-)'& 93'( 0'(&%(5 7-(80 &$ ($) 3-,' 0/**%2%'() 2$,'.%(5 */(&0
%( )3'%. 2'().-1 7-(8 -22$/(). I(&%,%&/-1 7-(80B ;/'/'0 6-+ 7' 3'1& -) )3'
0+0)'6B0 2'().-1 4.$2'00$. ?0+0)'6 $. 2'().-11+ 1$2-)'& ;/'/'0@ $. )3'+ 6-+ 7'
3'1& 9%)3%( )3' 7-(80B %()'.(-1 0+0)'60 ?%()'.(-1 ;/'/'0@. T3'0' )9$ 7.$-&
4$00%7%1%)%'0 -22$.&%(5 )$ )3' 1$2-)%$( $* )3' ;/'/'0 -.' ($) 6/)/-11+ '>21/0%,'C
7-(80 6-+ 6-%()-%( %()'.(-1 ;/'/'0 %( -&&%)%$( )$ )3' ;/'/'0 -) )3' 2'().': -0 %0
&$(' %( 0$6' RTGS 0+0)'60 9%)3 2'().-11+ 1$2-)'& ;/'/'0. V/'/%(5 2-( -10$
43
&%**'. -22$.&%(5 )$ )3' 6-(-5'6'() $* )3' ;/'/'0: )3-) %0: 3$9 -( %(&%,%&/-1
7-(8B0 ;/'/' %0 2$().$11'&. T3' 6-(-5'6'() 6-+ 7' 2-..%'& $/) 7+ )3' 2'().'
?2'().-1%0'& 6-(-5'6'()@ $. 7+ 7-(80 %(&%,%&/-11+ ?&'2'().-1%0'& 6-(-5'6'()@.
I..'04'2)%,' $* 93')3'. )3' ;/'/'0 -.' 43+0%2-11+ 1$2-)'& -) )3' 2'().' $. 9%)3%(
7-(80B %()'.(-1 0+0)'60: )3' 6-(-5'6'() $* ;/'/'0 2$/1& %( 4.%(2%41' 7' '%)3'.
2'().-1%0'& $. &'2'().-1%0'&. C$67%(-)%$(0 $* )3'0' 4$00%7%1%)%'0 %( )'.60 $* )3'
1$2-)%$( -(& 6-(-5'6'() 2-( )3/0 1'-& )$ ,-.%$/0 *$.60 $* ;/'/%(5.
ADVANTAGES OF RTGS SYSTEM
H$9 6-(+ )%6'0 3-,' 9' 9%03'& )3-) )3' 0-1-.+ 23';/' 9' &'4$0%)'& %( )3'
7-(8 5$) 21'-.'& %( - &-+ %(0)'-& $* )3' /0/-1 )3.'' *$. 1$2-1 23';/'0 == $. 6$.'
)3-( - 9''8 *$. $/)0)-)%$( 23';/'0G
O/. 9%03 %0 0') )$ 2$6' )./' 0$$ )3-(80 )$ )3' .'-1=)%6' 5.$00 0'))1'6'()
0+0)'6 $. RTGS.
A 51$7-1 0)-(&-.& *$. 6-(-5%(5 */(& ).-(0*'.0: RTGS .'&/2'0 .%080 -(& 7$$0)0
%(,'0)$. 2$(*%&'(2': -4-.) *.$6 3'14%(5 2$64-(%'0 6-(-5' )3'%. 9$.8%(5
2-4%)-1 .';/%.'6'()0 6$.' '**'2)%,'1+.
I) 03$.): %) -10$ -11$90 2$64-(%'0 )$ 2$11'2) */(&0 *.$6 2/0)$6'.0 -(& 6$,'
6$('+ )$ -(& *.$6 41-() 0%)'0 *-0)'.: )3'.'7+ 3'14%(5 )3'%. 7$))$61%('B0 2-/0'.
T3' 2/..'() -.23-%2 0'))1'6'() 0+0)'6 %( I(&%- %0 .'4$.)'& )$ 2$0) 0.2 )$ 03
4'.2'()-5' 4$%()0 %( 5.$00 &$6'0)%2 4.$&/2) 0-,%(50 5.$9)3. U(&'. %): 4-+6'()
%(0)./2)%$(0 -.' 4.$2'00'& )3.$/53$/) )3' &-+ 7/) %()'.=7-(8 0'))1'6'() )-8'0
41-2' $(1+ 1-)'. == )+4%2-11+ -) )3' '(& $* )3' &-+.
RTGS 9-0 8%28'& $** $( M-.23 2" 9%)3 S)-)' B-(8 $* I(&%-: HDFC B-(8:
S)-(&-.& C3-.)'.'& B-(8 -(& S-.-09-) C$=$4'.-)%,' B-(8 -0 4-.) $* )3' %(%)%-1
(')9$.8.
44
T$&-+: )3'.' -.' 23 7-(80 2$(&/2)%(5 ).-(0-2)%$(0 $( )3' 0+0)'6. B-(8 $*
B-.$&-: P/(K-7 N-)%$(-1 B-(8: C-(-.- B-(8: U(%$( B-(8 $* I(&%-: I(&%-(
O,'.0'-0 B-(8: C'().-1 B-(8 $* I(&%-: D'(- B-(8: BNP P-.%7-0: I(&/0I(&
B-(8: ING V+0+- B-(8 -.' -11 4-.) $* )3' 0+0)'6. O* )3' )$)-1 23 7-(80: )3' *%.0)
7-)23'0 $* *$/. 7-(80 3-,' -1.'-&+ '67-.8'& /4$( 2/0)$6'. ).-(0-2)%$(0.
CUSTOMER BENEFITSC
A0 *-. -0 4.%2%(5 $* )3' ).-(0-2)%$( %0 2$(2'.('&: %) 5'10 9'11 -0 2$64-.'& )$ )3'
2/..'() 0+0)'6 $* &'6-(& $. 7-(8 &.-*): 93%23 %0 $(' $* )3' 6$0) 4.',-1'()
9-+0 *$. ).-(0*'..%(5 6$('+ 7+ %(&%,%&/-1 .')-%1 2/0)$6'..
W3'( RTGS %0 */11+ */(2)%$(-1: 6$('+ 9%11 .'-23 +$/. -22$/() $( D-+ U'.$
%)0'1* $. )3' ,'.+ &-+ - &'6-(& &.-*) %0 4.'0'()'& )$ - 7-(8. A) 4.'0'(): )3%0
4.$2'00 )-8'0 -7$/) )3.'' &-+0. N$) $(1+ )3-): )3' 0+0)'6 -10$ 2/)0 $/) )3' .%08
%(,$1,'& %( 03%46'() $* 43+0%2-1 &'6-(& &.-*)0.
T3' RBI 9%11 23-.5' - *'' R0 25 4'. 1'5 $* -( RTGS &'-1: $. R0 50 *$. )9$ 1'50
= $(' *.$6 )3' 7-(8 )$ )3' RBI 3/7 -(& )3' $)3'. *.$6 )3' RBI 3/7 )$ )3'
2$..'04$(&%(5 7-(8.
O(' 1'5 2$(0)%)/)'0 )3' ).-(0*'. $* - 2$(0$1%&-)'& -6$/() ?,-1/' $* ,-.%$/0
%(0)./6'()0 %(21/&%(5 )$)-1 23';/'0 4.'0'()'& 7+ )3' 7-(8@ )$ 7' 21'-.'&.
C/..'()1+: )3' RBI &$'0 ($) 23-.5' -(+ ).-(0-2)%$( *''0.
THE COST TO THE CUSTOMERC
B-(80 9%11 23-.5' -( RTGS ).-(0-2)%$( *'' &'4'(&%(5 $( )3'%. .'1-)%$(03%4 9%)3
)3' 2/0)$6'.. B-(8'.0 0-%& 4.%2'0 9%11 ,-.+ *.$6 R0 50 )$ R0 200 4'.
).-(0-2)%$(.
P.%2%(5 )'.60 2$/1& 7' ('5$)%-)'& -(& 04'2%-1 $**'.0 2$/1& 7' 5%,'( %* -
2/0)$6'. 6-%()-%(0 - 4'.6-('() -22$/() 9%)3 )3' 7-(8 %( )3' *$.6 $* 0-,%(50 $.
45
2/..'() -22$/() $. 3-0 3$/0%(5 1$-( $. 2.'&%) 2-.& *-2%1%)+ 9%)3 )3' 04'2%*%2 7-(8.
T3' 4.%2%(5 9%11 -10$ &%**'. %* )3' -6$/() %0 6$.' )3-( R0 1: 00:000.
A($)3'. .'-0$( *$. I(&%-( 7-(80 )$ 3%8' )3'%. *''0 %0 )$ 6-8' /4 *$. 1$00 $* B*1$-)
6$('+B $. %()'.'0) '-.('& 93%1' */(&0 )-8' /4 )$ *%,' &-+0 )$ 6$,' *.$6 $('
-22$/() )$ -($)3'..
Y$/ 0'': 2$66'.2%-1 7-(80 21'-. 23';/'0 9$.)3 .$/531+ R0 25:000 2.$.' ?R0
250 7%11%$(@ - &-+: -(& )3'+ '-.( 4.5 4'. 2'() -((/-11+ 7+ &'41$+%(5 )3$0' */(&0
$( -( $,'.(%53) 7-0%0.
B/) *1$-) 6$('+ 9%11 *-11 9%)3 )3' %().$&/2)%$( $* RTGS: 0$ 7-(80 9%11 3-,' )$
.'2$,'. ($) $(1+ )3' ).-(0-2)%$( *'' )3-) )3' RBI 9%11 7' 23-.5%(5 )3'6: 7/)
9$/1& -10$ 3-,' )$ 2$64'(0-)' *$. )3' 1$00 $* *1$-)=7-0'& '-.(%(50.
B-(80: 93%23 '-.( -( -,'.-5' 0%> 4'. 2'() $* )3'%. )$)-1 %(2$6' *.$6 *''0:
23-.5' .')-%1 2/0)$6'.0 7')9''( R0 10 -(& R0 20 )$ 0'(& R0 10:000 )$ - .%,-1
7-(8 %( -($)3'. 2%)+.
M$.'$,'. )3' 7-(80 9%11 23-.5' - 3%53'. *'' %* )3' */(&0 -.' *1$9%(5 $/) $* )3'
7-(8 $. )3' 2/0)$6'. %0 6-8%(5 - 4-+6'() *.$6 3%0 7-(8B0 -22$/(). C$(,'.0'1+:
)3' *''0 9%11 7' 1'00 %* )3' */(&0 -.' 2$6%(5 %()$ )3' 7-(8.
THE ADVANTAGE FOR COMPANIESC
A4-.) *.$6 2/))%(5 &$9( $( 4-4'. 9$.8: 7%5 2$64-(%'0 -.' '>4'2)'& )$ 0-,'
$,'. R0 2:000 4'. R0 1 2.$.' ?R0 10 6%11%$(@ 9$.)3 $* ).-(0-2)%$(0 /0%(5 RTGS:
- 51$7-1 0)-(&-.& *$. 6-(-5%(5 */(& ).-(0*'.0.
I) .'&/2'0 )3' .%08 $* 2$/()'.=4-.)+ &'*-/1) -(& 7$$0)0 2$(*%&'(2': -4-.) *.$6
3'14%(5 2$64-(%'0 6-(-5' )3'%. 9$.8%(5 2-4%)-1 .';/%.'6'()0 6$.' '**'2)%,'1+.
I) 03$.): %) -11$90 2$64-(%'0 )$ 2$11'2) */(&0 *.$6 2/0)$6'.0 -(& 6$,' 6$('+
)$ -(& *.$6 41-() 0%)'0 *-0)'..
46
3.3 CHALLENGE FACE BY RTGS SYSTEM
T3' %64'(&%(5 $,'.3-/1 $* I(&%-B0 4-+6'()0 %(*.-0)./2)/.' 7+ )3' %().$&/2)%$(
$* )3' R'-1 T%6' G.$00 S'))1'6'() ?RTGS@ 0+0)'6 7+ )3' R'0'.,' B-(8 $* I(&%-
?RBI@ 9%11 7.%(5 -7$/) 2$(0%&'.-71' 23-(5'0 %( )3' 9-+ 7/0%('00 %0 2$(&/2)'& %(
)3' I(&%-( 7-(8%(5 2$66/(%)+. T3'0' 23-(5'0 9%11 3-,' - 4.$*$/(& '**'2) $(
)3' 9-+ 7-(80 %( I(&%- &$ 7/0%('00: 3$9 )3'+ 6-8' 6$('+ -(& 9%11 2-/0'
0%5(%*%2-() $4'.-)%$(-1 23-(5'0 9%)3%( '-23 7-(8. B-(80 )3-) 2-( '67.-2' )3'
('9 23-11'(5'0 -(& $44$.)/(%)%'0 4.'0'()'& 7+ RTGS 9%11 &%**'.'()%-)'
)3'60'1,'0 *.$6 )3'%. 2$64')%)$.0 %( )3' 6-.8') -(& 9%11 .'-4 )3' 7'('*%) -0 -
.'0/1).
T3' RTGS 0+0)'6 -) )3' RBI %0 41-(('& )$ 5$ 1%,' %( D'2'67'. 2003. T3' )%6'
-,-%1-71' *$. )3' 7-(8%(5 2$66/(%)+ )$ 0'.%$/01+ 2$(0%&'. )3'%. 0).-)'5+ )$
-&&.'00 )3' %64-2)0 $* RTGS $( )3'%. 7/0%('00 -(& )$ %641'6'() 0/44$.)%(5
0$1/)%$(0 %0 *-0) ./((%(5 $/).
T3' RTGS 0+0)'6 .';/%.'0 )3' 4-.)%2%4-)%(5 7-(80 ?'>4'2)'& )$ 7' )3' 4/71%2
0'2)$. 7-(80: 4.%,-)' 7-(80 -(& *$.'%5( 7-(80 7-0'& %( I(&%-@ )$ 3$1& - 04'2%*%2
A0'))1'6'()A -22$/() 9%)3 )3' RBI. A11 ).-(0-2)%$( ).-**%2 %0 )3'( &$('
'1'2).$(%2-11+: /0%(5 )3' */(&0 %( )3'0' 04'2%-1 -22$/()0: -(& )3' 0'))1'6'() $*
'-23 ).-(0-2)%$( %0 *%(-1 -(& %..',$2-71' $( -( %(&%,%&/-1 4-+6'()=7+=4-+6'()
7-0%0 ?5.$00 0'))1'6'()@.
T3' 5/-.-()''&: 0-6'=&-+ 0'))1'6'() $* 3%53=,-1/' 4-+6'()0 -(& )3' .'0/1)%(5
4$0%)%$(0 %( 21'-.%(5 0+0)'60 9%11 %(2.'-0' ,%0%7%1%)+ $* 4-+6'() ).-**%2 -(&
*/(&0 $9('.03%4 -(& 9%11 2-/0' 23-(5'0 %( &'6-(&0 6-&' 7+ 2/0)$6'.0 $*
7-(80. A 6-K$. %64-2) $( )3' 7-(80 %0 )3-) )3'+ 9%11 ($ 1$(5'. 7' -71' )$ /0'
*/(&0 ).-(0*'..'& )3.$/53 )3'6 ?*1$-)@ )$ 5'('.-)' .','(/' %( )3' 6$('+
47
6-.8')0. T3%0 %64'(&%(5 1$00 $* *1$-) %641%'0 )3-) 7-(80 9%11 7' *$.2'& )$ 1$$8
*$. -1)'.(-)%,' 0$/.2'0 $* .','(/'. T+4%2-11+: 93'.' RTGS 0+0)'60 -.'
%641'6'()'& -.$/(& )3' 9$.1&: )3%0 1$00 $* .','(/' %0 .'2$,'.'& 7+ $**'.%(5
4-+6'()0 0'.,%2'0 ?4.$&/2)0@ 7-0'& $( )3' 5/-.-()''&: 0-6'=&-+ 0'))1'6'() -(&
).-(0*'. $* */(&0 7')9''( 2/0)$6'.0. T3'0' 0'.,%2'0 5'('.-)' .','(/' 7+
-))-23%(5 - *'' $( - ).-(0-2)%$(=7+=).-(0-2)%$( 7-0%0.
C$(0%&'. )3' '>-641' 93'.' - 2$.4$.-)' 2/0)$6'. (''& $(1+ %(%)%-)' - 4-+6'()
)$ - 0/441%'. $( )3' -5.''& &-)': -**$.&%(5 %(2.'-0'& 2-03 6-(-5'6'() )$ )3'
2$.4$.-)' 2/0)$6'. -(& 5/-.-()''& &'1%,'.+ $* )3' */(&0 $( )3' &-)' -5.''& )$
)3' 0/441%'.. T3' *1$-): %( '**'2): %0 9%)3 )3' 2/0)$6'.0 -(& ($) )3' %()'.6'&%-.+
7-(80. T3' 7/0%('00 &.%,'. *.$6 )3' 2/0)$6'.0B 4'.04'2)%,' %0 $7,%$/0.
B-(80 )3-) -.' -71' )$ 4.$,%&' )3%0 0$.) $* 0'.,%2' )$ -11 2/0)$6'.0 %..'04'2)%,' $*
)3'%. 1$2-)%$( 9%11 7' &%**'.'()%-)'& %( )3' 6-.8'). W3'( )3' RTGS 0+0)'6 9-0
%641'6'()'& %( T/.8'+: $(1+ - 1%6%)'& (/67'. $* 7-(80 )$$8 /4 )3' RTGS
23-11'(5' %( '-.('0) -(& - 6-K$. 6%5.-)%$( $* 2/0)$6'.0 )$ )3'0' 7-(80 '(0/'&.
I) 9$/1& -44'-. %66%('(): )3'.'*$.': )3-) - *$.2'& 03-8'=/4 $* )3' 7-(8%(5
2$66/(%)+ -(& )3'%. -44.$-23 )$ 2/0)$6'. 2-.' 9$/1& $22/. %( I(&%-: )$$.
T3' 23-(5'0 %( )3' 4-+6'()0 %(*.-0)./2)/.' %( I(&%- -.' 7$)3 - 23-11'(5' -(& -(
$44$.)/(%)+ *$. 7-(80. T3' 23-11'(5'0 -.' )3' .')'()%$( $* 2/..'() 1','10 $*
.','(/' -(& 6-.8') 03-.': 2$4%(5 9%)3 03$.)'. 0'))1'6'() 2+21'0 -(& %()'5.-)%(5
)3' ('9 9-+0 $* &$%(5 7/0%('00 0'-61'001+ %()$ '**'2)%,' -(& '**%2%'() $4'.-)%(5
4.-2)%2'0. T3' $44$.)/(%)%'0 -.' 4.'0'() %( )3' 4$00%7%1%)%'0 $* $**'.%(5 *''=7-0'&
4.$&/2)0 -(& &%**'.'()%-)%(5 0'.,%2'0 )$ 2/0)$6'.0 93$ -.' %(2.'-0%(51+
&'6-(&%(5 %(($,-)%,' 4-+6'() 4.$&/2)0. T3$0' 7-(80 )3-) -.' -71' )$ )-8' /4
)3' 23-11'(5'0 -(& 6-8' 7'0) 7/0%('00 $* )3' ('9 $44$.)/(%)%'0 9%11 7' 0''( -0
)3' 6-.8') 6-8'.0 %( I(&%- -(& 9%11 2$66-(& -11 $* )3' 2/0)$6
48
3.4 CENTRAL BANKS AND RTGS
T3%0 A'1'2).$(%2A 4-+6'() 0+0)'6 %0 ($.6-11+ 6-%()-%('& $. 2$().$11'& 7+ )3'
2'().-1 7-(8 $* - 2$/().+. T3'.' %0 ($ 43+0%2-1 '>23-(5' $* 6$('+C )3' 2'().-1
7-(8 6-8'0 -&K/0)6'()0 %( )3' '1'2).$(%2 -22$/()0 $* B-(8 A -(& B-(8 B:
.'&/2%(5 )3' -6$/() %( B-(8 AB0 -22$/() 7+ W100:000 -(& %(2.'-0%(5 )3'
-6$/() $* B-(8 BB0 -22$/() 7+ )3' 0-6'. T3' RTGS 0+0)'6 %0 0/%)'& *$. 1$9=
,$1/6': 3%53=,-1/' ).-(0-2)%$(0. I) 1$9'.0 0'))1'6'() .%08: 7'0%&'0 5%,%(5 -(
-22/.-)' 4%2)/.' $* -( %(0)%)/)%$(B0 -22$/() -) -(+ 4$%() $* )%6'. S/23 0+0)'60
-.' -( -1)'.(-)%,' )$ 0+0)'60 $* 0'))1%(5 ).-(0-2)%$(0 -) )3' '(& $* )3' &-+: -10$
8($9( -0 )3' (') 0'))1'6'() 0+0)'6 0/23 -0 )3' UK0: BACS 0+0)'6. I( )3' (')
0'))1'6'() 0+0)'6: -11 )3' %()'.=%(0)%)/)%$( ).-(0-2)%$(0 &/.%(5 )3' &-+ -.'
-22/6/1-)'&. A) )3' '(& $* )3' &-+: )3' -22$/()0 $* )3' %(0)%)/)%$(0 -.' -&K/0)'&.
T3' %641'6'()-)%$( $* RTGS 0+0)'60 7+ 2'().-1 7-(80 )3.$/53$/) )3' 9$.1& %0
&.%,'( 7+ )3' 5$-1 )$ 6%(%6%E' .%08 %( 3%53=,-1/' '1'2).$(%2 4-+6'() 0'))1'6'()
0+0)'60. I( -( RTGS 0+0)'6: ).-(0-2)%$(0 -.' 0'))1'& -2.$00 -22$/()0 3'1& -) -
2'().-1 7-(8 $( - 2$()%(/$/0 5.$00 7-0%0. S'))1'6'() %0 %66'&%-)': *%(-1 -(&
%..',$2-71'. C.'&%) .%080 &/' )$ 0'))1'6'() 1-50 -.' '1%6%(-)'&. T3' 7'0) RTGS
(-)%$(-1 4-+6'() 0+0)'6 2$,'. /4 )$ #5R $* 3%53=,-1/' ).-(0-2)%$(0 9%)3%( )3'
(-)%$(-1 6$(')-.+ 6-.8').
T3' W$.1& B-(8 3-0 7''( 4-+%(5 %(2.'-0%(5 -))'()%$( )$ 4-+6'() 0+0)'6
&','1$46'() -0 - 8'+ 2$64$('() $* )3' *%(-(2%-1 %(*.-0)./2)/.' $* - 2$/().+: -(&
3-0 4.$,%&'& ,-.%$/0 *$.6 $* -00%0)-(2' )$ $,'. 100 2$/().%'0. S','.-1 .'-0$(0
'>%0) *$. 2'().-1 7-(80 *$. RTGS -&$4)%$( &'2%0%$(0 )$ %(21/&' 2$/()'.4-.)0 %(
)3' 0+0)'6. F%.0): - &'2%0%$( )$ -&$4) %0 %(*1/'(2'& 7+ 2$64')%)%,' 4.'00/.' *.$6
)3' 51$7-1 *%(-(2%-1 6-.8')0. S'2$(&: %) %0 6$.' 7'('*%2%-1 )$ -&$4) -( RTGS
0+0)'6 *$. 2'().-1 7-(8 93'( )3%0 -11$90 -22'00 )$ - 7.$-& 0+0)'6 $* $)3'.
2$/().%'0B RTGS 0+0)'60. T3%.&: %) %0 ,'.+ 1%8'1+ )3-) )3' 8($91'&5' -2;/%.'&
)3.$/53 '>4'.%'(2'0 9%)3 RTGS 0+0)'60 04%110 $,'. )$ $)3'. 2'().-1 7-(80 -(&
4"
3'140 )3'6 6-8' )3'%. -&$4)%$( &'2%0%$(. F$/.)3: 2'().-1 7-(80 &$ ($)
('2'00-.%1+ 3-,' )$ %(0)-11 -(& &','1$4 RTGS )3'60'1,'0. T3' 4$00%7%1%)+ $*
03-.%(5 &','1$46'() 9%)3 4.$,%&'.0 )3-) 3-,' 7/%1) RTGS 0+0)'60 %( 6$.' )3-(
$(' 2$/().+ ?L$5%2-1 CMG $* UK: CMA S6-11 S+0)'6 $* S9'&' JV P'.-5$
$* S$/)3 A*.%2- -(& SIA S4A $* I)-1+: M$().-( $* USA@ 3-0 4.'0/6-71+
1$9'.'& )3' 2$0) -(& 3'(2' 6-&' %) *'-0%71' *$. 6-(+ 2$/().%'0 )$ -&$4). B+
1#!5: )3.'' 2'().-1 7-(80 3-& %641'6'()'& RTGS 0+0)'60. A) )3' '(& $* 2005:
)3' /0' $* RTGS 0+0)'60 3-& 04.'-& )$ #0 2'().-1 7-(80.
SERVICE CHARGE FOR RTGS
-@ I(9-.& ).-(0-2)%$(0 I 1R: ($ 23-.5' )$ 7' 1',%'&.
7@ O/)9-.& ).-(0-2)%$(0 I F$. ).-(0-2)%$(0 $* 2 1-830 )$ 5 1-830 I/4)$ 25 4'.
).-(0-2)%$( 41/0 -441%2-71' T%6' V-.+%(5 C3-.5'0 ? 1O= )$ 5O=@C )$)-1 ($)
'>2''&%(5 30 4'. ).-(0-2)%$ ?X S'.,%2' T->@.
= A7$,' 5 1-830 = 50 4'. ).-(0-2)%$( 41/0 -441%2-71' T%6' V-.+%(5 C3-.5'0 ?
1O= )$ 5O=@C )$)-1 23-.5'0 ($) '>2''&%(5 55 4'. ).-(0-2)%$ ?X S'.,%2' T->@.
N$ )%6' ,-.+%(5 23-.5'0 -.' -441%2-71' *$. RTGS ).-(0-2)%$(0 0'))1'& /4 )$
12<30 3.0.
5#
3.5 RTGS V/ NEFT
A/ 7$- RBI, %)11)8&'2 *-$ 6*&' 4&%%$-$'.$ )% RTGS *'4 NEFT
M&'&606/6*E&606 *6)0'( %)- RTGS/NEFT (-*'/*.(&)'/ 0'4$- R$(*&1
I'($-'$( B*'+&'2
T37$ M&'&606 M*E&606
RTGS R0.2 L-830 R0.5 L-830
NEFT N$ M%(%6/6 R0.5 L-830
6&'&606 / 6*E&606 *6)0'( %)- RTGS / NEFT (-*'/*.(&)'/ 0'4$-
C)-7)-*($ I'($-'$( B*'+&'2=
T37$ M&'&606 M*E&606
RTGS R0.2 L-830 R0.50 1-830 *$. V-4$/.
-(&
R0.500 2.$.'0 *$. V%0)--.
NEFT N$ M%(%6/6 R0.50 1-830 *$. V-4$/.
-(&
R0.500 2.$.'0 *$. V%0)--.
A( 8,*( (&6$ 40-&'2 (,$ 4*3/8$$+ (,$ RTGS @ NEFT /$-5&.$/ *-$
*5*&1*A1$=
RTGS ).-(0-2)%$(0 -.' 0'() )$ RBI -0 4'. )3' *$11$9%(5 023'&/1'<
D*3 S(*-( T&6$ E'4 T&6$
51
M$(&-+ )$ F.%&-+ #<00 3.0. 1"<30 3.0.
S-)/.&-+ #<00 3.0. 13<30 3.0.
NEFT ).-(0-2)%$(0 9%11 7' 0'() )$ RBI 7-0'& $( )3' *$11$9%(5 023'&/1'<
D*3 S(*-( T&6$ E'4 T&6$
M$(&-+ )$ F.%&-+ !<00 3.0. 1!<30 3.0.
S-)/.&-+ !<00 3.0. 12<30 3.0.
52
53
ORKING SYSTEM @ TECHNICAL FEATURES OF
RTGS
A) )3' 7'&.$28 $* )3' &'0%5( $* -( %()'5.-)'& 4-+6'()0 -(& 0'))1'6'() 0+0)'6 %0
)3' R'-1 T%6' G.$00 S'))1'6'() ?RTGS@ 0+0)'6. T3' R'-1 T%6' G.$00
S'))1'6'() 0+0)'6 %0 7'%(5 &'0%5('& )$ 4.$,%&' 1-.5' ,-1/' */(&0 ).-(0*'. -(&
0'))1'6'() %( -( $(=1%(' .'-1 )%6' '(,%.$(6'() )$ )3' 7-(8%(5 %(&/0).+: 9%)3
0'))1'6'() $( - 5.$00 7-0%0. A( %()'5.-1 2$64$('() $* )3' R'-1 T%6' G.$00
S'))1'6'() 0+0)'6 9%11 7' )3' D'1%,'.+ ,'.0/0 P-+6'() 6$&/1' *$. ).-&%(5 -(&
0'))1'6'() %( G$,'.(6'() S'2/.%)%'0 ).-(0-2)%$(0. T3' 0+0)'6 9$/1& 3-,' 1%(8
9%)3 $)3'. ('))%(5 0+0)'60 1%8' C1'-.%(5: A/)$6-)'& C1'-.%(5 H$/0'
).-(0-2)%$(0 2$64.%0%(5 $* E1'2).$(%2 C1'-.%(5 S'.,%2': R')-%1 E1'2).$(%2 F/(&0
T.-(0*'.: -11 P1-0)%2 M$('+ -(& S6-.) C-.& ).-(0-2)%$(0 -(& E1'2).$(%2 F/(&0
T.-(0*'. -) P$%() $* S-1' ?EFTPOS@. W$.8 %( 0'))%(5 /4 )3' RTGS 0+0)'6 3-0
-1.'-&+ 0)-.)'& %( )3' R'0'.,' B-(8 9%)3 )3' 0'))%(5 /4 $* - W$.8%(5 G.$/4 *$.
)3' A44$%()6'() $* C$(0/1)-() *$. )3' %641'6'()-)%$( $* )3' RTGS 4.$K'2). I(
*-2): R';/'0) *$. P.$4$0-10 3-0 7''( %(,%)'& *.$6 1'-&%(5 ,'(&$.0 %()%6-)'1+
-00$2%-)'& 9%)3 P-+6'() S+0)'6 -441%2-)%$(0.
T3' RTGS 4.$K'2) %0 &'0%5('& )$ 4.$,%&' 0%5(%*%2-() 7'('*%)0 )$ %(&%,%&/-10 -(&
7/0%('00'0 )3.$/53$/) I(&%-. B+ /(&'.9.%)%(5 -11 4-+6'()0 9%)3 2$11-)'.-1 3'1&
-) )3' R'0'.,' B-(8 $* I(&%-: )3' RTGS 0+0)'6 9%11 .'&/2' 0+0)'6%2 .%08 %( )3'
I(&%-( 7-(8%(5 0+0)'6: )3'.'7+ 4.$,%&%(5 %(2.'-0'& %()'5.%)+ -(& 0'2/.%)+ *$. -11
%()'.7-(8 ).-(0-2)%$(0.
T3' RTGS 4.$,%&'0 *$. .'-1=)%6' 4.$2'00%(5 -(& 0'))1'6'() $* */(&0 ).-(0*'.0.
T3' *%.0) 43-0' $* )3' 4.$K'2) 2-110 *$. 2.'-)%$( $* -( I()'5.-)'& A22$/()%(5
S+0)'6 ?IAS@ )$ 3-(&1' -11 %()'.(-1 -(& %()'.7-(8 -22$/()%(5 ).-(0-2)%$(0 *$.
RBI. T3%0 ('9 2$.' 7-(8%(5 0+0)'6 9%11 3-(&1' -11 5'('.-1 ).-(0-2)%$(0 -(&
2'().-1 -22$/()%(5 *$. RBI: %(21/&%(5 )3' 7-(8B0 5'('.-1 1'&5'..
54
T3' RTGS 9%11 '641$+ )9$ 0')0 $* ;/'/'0< $(' *$. )'0)%(5 */(&0 -,-%1-7%1%)+ -(&
$(' *$. 4.$2'00%(5 $* &'7%)O2.'&%) .';/'0)0 .'2'%,'& *.$6 )3' I()'5.-)'&
A22$/()%(5 S+0)'6.
A11 ).-(0-2)%$(0 9%11 7' ;/'/'& -(& 0/76%))'& *$. */(&0 -,-%1-7%1%)+ )'0)%(5 $( -
*%.0) %(=*%.0) $/) 7-0%0: %.'.: -11 ).-(0-2)%$(0 9%11 7' ;/'/'& %( )3' $.&'. %( 93%23
)3'+ 9'.' .'2'%,'& -(& )3' $1&'0) ).-(0-2)%$( %( '-23 4-.)%2%4-()B0 ;/'/' 9%11 7'
)'0)'& *%.0). T.-(0-2)%$(0 93%23 *-%1 - */(&0 -,-%1-7%1%)+ )'0) 9%11 7' .')/.('& )$
)3' 4-+6'() ;/'/' )$ 7' .')'0)'& 4'.%$&%2-11+. A( $4)%6%E%(5 -15$.%)36 9%11
02-( )3' ;/'/'0 4'.%$&%2-11+ &/.%(5 )3' &-+ )$ %&'()%*+ 4$)'()%-1 5.%&1$28
0%)/-)%$(0.
P-+6'() 6'00-5'0 *.$6 - 0'(&%(5 7-(8 )$ )3' R'0'.,' B-(8 9%11 7' 4.$2'00'&
)3.$/53 -( %()'.6'&%-)' 4.$2'00$.=)3' I()'.=B-(8 F/(&0 T.-(0*'. P.$2'00$.
?IFTP@. RBIB0 0$*)9-.' 9%11 7' 0/441%'& )$ 6'67'. *%(-(2%-1 %(0)%)/)%$(0 )$
'(-71' )3'%. &%.'2) 4-.)%2%4-)%$( %( )3' RTGS 0+0)'6. T3' 0+0)'6 %0 0)-)'& )$ 7'
3%531+ 02-1-71'. I) %0 &'0%5('& )$ 3-(&1' 3%53 ,$1/6'0 %(21/&%(5 - ,'.+ 3%53
4'-8. T3' RTGS 0+0)'6 9%11 7' &','1$4'& $( )3' IBM 6-%(*.-6' SO3#0: -(&
)3' $4'.-)%(5 0+0)'6 9%11 7' OSO3#0. T3' 0'2/.%)+ %(*.-0)./2)/.' 9%11 7' PKI=
7-0'&. T3' 4.$K'2) 9%11 '641$+ 4$%()=)$=4$%() .'6$)' 2$4+ *$. 7-28=/4 -(&
.'0)$.' $4'.-)%$(0: 6'-(%(5 )3-) )3' 7-28/4 0'.,'. 9%11 7' - *'9 6%1'0 *.$6 )3'
6-%( 0%)': 2$(('2)'& $,'. *%7.' $4)%2 %(*.-0)./2)/.'
55
RTGS TRANSACTION
56
%2;3 On/in+ Bank
662;nt
T3ans1+3 Rs.27##7### t2
)ha-?s Bank 662;nt
Th+n it :2+s t2
s+tt/+-+nt a;th23it4 123
62n=3-ati2n
)ha-?s 662;nt Wi// B+
C3+5it+5 in R+a/ Ti-+ 0ith
Rs.27##7###.
3.9 RTGS SYSTEMS # PROGRESS TO DATE AND
FUTURE GROTH
R'-1 T%6' G.$00 S'))1'6'() ?RTGS@ %0 - 04'2%-1%E'& 2'().-1 7-(8 -441%2-)%$(
)3-) '(0/.'0 )3' 0'))1'6'() $* 2.%)%2-1 4-+6'()0 %( )3' *%(-(2%-1 0+0)'6. G%,'(
)3' .'1-)%,'1+ 06-11 (/67'. $* 2$/().%'0 $( $/. 41-('): $(' 9$/1& )3%(8 )3-) )3'
4.$1%*'.-)%$( $* 0/23 0+0)'60 %0 /(%,'.0-1. T3%0 %0 ($) )3' 2-0' -0 .'2'() .'0'-.23
3-0 03$9(. T3%0 F-11 0-9 )3' 4/71%2-)%$( 7+ )3' N'9 Y$.8 F'&'.-1 R'0'.,'
B-(8 $*: S)-** R'4$.) ?N$. 2"0: S'4)'67'. 200"@ '()%)1'& AT'23($1$5+
D%**/0%$( 9%)3%( C'().-1 B-(8%(5< T3' C-0' $* R'-1=T%6' G.$00 S'))1'6'()N.
T3' .'4$.) '>-6%('0 )3' 04''& -(& )3' .-)' $* )3' %().$&/2)%$( $* RTGS 0+0)'60
-(& )'23($1$5+ )$ 2'().-1 7-(80. A) )3' )%6' $* 4/71%2-)%$( )3'.' 9'.' 14
2'().-1 7-(80 -.$/(& )3' 9$.1&. S)-.)%(5 %( 1#!5 93'( $(1+ 3 2'().-1 7-(80
$4'.-)'& RTGS 0+0)'60: )3' '(& $* 2005 0-9 #0 2'().-1 7-(80 $4'.-)%(5 0/23
0+0)'60. T3' .'6-%(%(5 !4 7-(80 -.' '>4'2)'& )$ 3-,' -11 %().$&/2'& RTGS
0+0)'60 7+ -7$/) 2020.T3' 4-4'. 0/66-.%E'0 93-) RTGS %0 -0 9'11 -0 )3' .$1'
$* )3' G10 -(& )3' BIS %( 0'))%(5 )3' 0)-(&-.&0 -(& 7'%(5 )3' &.%,%(5 *$.2' %(
)3' 6$,' )$ RTGS -&$4)%$(. I()'.1%(8'& 0+0)'60: 0/23 -0 TARGET ?-(& -10$
CLS )$ - 1'00'. '>)'()@ 3-,' 3'14'& *$.2' )3' 4-2' $* 23-(5'. T3' %().$&/2)%$(
4'.%$& %0 '>2'4)%$(-11+ 1$(5: 3-,%(5 )-8'( 20 +'-.0 )$ 6$,' *.$6 3 2'().-1
7-(80 )$ #0 2'().-1 7-(80 -(& )3' -()%2%4-)'& -&&%)%$(-1 15 +'-.0 )$ 2$,'. )3'
.'6-%(%(5 !4.T3' .'4$.) *%(&0 )3-) )3' 04.'-& $* RTGS 0+0)'60 %0 2$(0%0)'()
9%)3 )3' 0)-(&-.& S=2/.,' 4.'&%2)%$( ?%(%)%-11+ )-8'=$( %0 1$9 1'& 7+ A%(($,-)$.0A
-*)'. 93%23 )3' .-)' %(2.'-0'0 -0 A'-.1+ -&-4)'.0A %().$&/2' )3' 0+0)'6 -*)'.
93%23 )3' .-)' $* %(2.'-0' 1','10 $/)@.T3' 23-(2' )3-) - 2$/().+ %().$&/2'0
RTGS %( - 5%,'( +'-. %(2.'-0'0 0%5(%*%2-()1+ %( )3' 1','1 $* .'-1 GDP 4'. 2-4%)-.
M$.'$,'.: 2$/().%'0 9%)3 - 1$9'. .'1-)%,' 4.%2' $* 2-4%)-1 -(& 2$/().%'0 93$0'
6-K$. ).-&%(5 4-.)('.0 -&$4)'& RTGS -.' -10$ 6$.' 1%8'1+ -&$4)'.0. T3%0
0/55'0)0 )3-): 7'+$(& 6-.8') *$.2'0 .'*1'2)'& 7+ .'-1 GDP -(& 2-4%)-1 2$0)0:
57
04%11 $,'.0 0''6 )$ 41-+ - 0%5(%*%2-() .$1' %( )3' -&$4)%$( $* )3%0 *%(-(2%-1
%(($,-)%$(. T3'0' 04%11 $,'.0 0''6 )$ 7' ).-(0*'..'& 6-%(1+ )3.$/53 ).-&'
.'1-)%$(03%40. T$ 93-) '>)'() )3' 4-))'.( $* RTGS -&$4)%$( .'*1'2)0 2'().-1
7-(80B )'23($1$5+ &'2%0%$(0 %0 /(2'.)-%( -(& %0 0/55'0)'& -0 - 0$/.2' $* */.)3'.
.'0'-.23. O)3'. *-2)$.0 )3-) -.' 0''( -0 &')'.6%(%(5 93'( - 2'().-1 7-(8 9%11
09%)23 )$ RTGS -.'<
O P.%2' $* %(*$.6-)%$( D 2$66/(%2-)%$(0 )'23($1$5+ = T3' 1$9'. )3' .'1-)%,'
2$0) )3' 6$.' 1%8'1+ )3' 2'().-1 7-(8 %0 )$ 09%)23 )$ RTGS.
O R'1-)%,' 0%E' $* )3' 2'().-1 7-(8 = )3' 6$.' 2'().-1 7-(8 0)-** %( .'1-)%$( )$ )3'
$,'.-11 4$4/1-)%$ )3' 01$9'. )3' .-)' $* 09%)23%(5 )$ RTGS.
O F%(-(2%-1 6-.8') &','1$46'() = )3' 6$.' 0$43%0)%2-)'&O &','1$4'& )3' *-0)'.
)3' 4-2' $* RTGS %641'6'()-)%$(.
O M'67'.03%4 $* %()'.(-)%$(-1 $.5-(%E-)%$(0 = M'67'.03%4 %* 7$&%'0 0/23 -0
BIS: EU *$.2' )3' .-)' $* RTGS -&$4)%$(.
O B%1-)'.-1 ).-&' = )3' 1','1 $* %()'.(-)%$(-1 ).-&' -10$ -44'-.0 )$ 7' - 4$0%)%,'
*-2)$. '04'2%-11+ %* ).-&%(5 4-.)('.0 3-,' RTGS 0+0)'60.
F.$6 - 0+0)'60 &','1$4'.B0 4$%() $* ,%'9 )3'.' %0 0)%11 - 1$) $* 1%*' 1'*) %( )3'
2'().-1 7-(8 RTGS 6-.8'). A&&'& )$ )3%0 %0 )3' *-2) )3-) 6-(+ $* )3' '>%0)%(5
0+0)'60 -.' 5$%(5 )3.$/53 - 4.$2'00 $* 7'%(5 /45.-&'&. T3' $.%5%(-1 A10)
G'('.-)%$(A RTGS 0+0)'6 -.' 7'%(5 .'41-2'& 9%)3 A2(& G'('.-)%$(A ,'.0%$(0
)3-) %(21/&' 6-(+ ('9 *'-)/.'0 9%)3 ,-.%$/0 &'5.''0 $* 3+7.%&%E-)%$( -0 %0
%11/0).-)'& %( )3' B/(&'07-(8B0 RTGS41/0.S)-(1'+ E40)'%( %0 - P.%(2%4-1
A00$2%-)' -(& D%.'2)$. $* C%)-&'1 A&,-()-5' L)&.: - 04'2%-1%0) 7-(8 $4'.-)%$(0
2$(0/1)-(2+ -(& ).-%(%(5 4.$,%&'. %( )3' -.'- $* O4'.-)%$(0 R%08: B/0%('00
C$()%(/%)+ -(& P-+6'() S+0)'60
58
NES AND ARTICLES
UCO B-(8 0)-.)0 .'-1 )%6' 5.$00 0'))1'6'()0
J/( 2": 2004: 02.4546
KOLKATA< K$1-=7-0'& UCO B-(8 3-0 5$(' 1%,' 9%)3 R'-1 T%6' G.$00
S'))1'6'() ?RTGS@ 93%23 9%11 '(-71' %(0)-() ).-(0*'. $* */(&0 7')9''( 7-(80
-(& *%(-(2%-1 %(0)%)/)%$(0.
S$ *-. $(1+ - *'9 7-(80 %( )3' 2$/().+ 3-& %().$&/2'& RTGS: 93%23 9$/1&
/1)%6-)'1+ 4-,' )3' 9-+ $* TX1 0'))1'6'() %( 0)$28 '>23-(5'0 7'0%&'0 $**'.%(5
$)3'. *-2%1%)%'0: - UCO B-(8 .'1'-0' 0-%&.
T3' RTGS 0+0)'6 '**'2)0 *%(-1 0'))1'6'() $* %()'.7-(8 */(& ).-(0*'. $( -
2$()%(/$/0 ).-(0-2)%$( 7+ ).-(0-2)%$( 7-0%0 )3.$/53$/) )3' 4.$2'00%(5 &-+.
I( %)0 6-%&'( ./ )3' 7-(8 3-& 4/) )3.$/53 25 %()'.7-(8 ).-(0-2)%$(0
2$64.%0%(5 %(9-.& ).-(0-2)%$(0 *$. R0 3.0 2.$.' -(& $/)9-.& ).-(0-2)%$(0
)$)-11%(5 R0 2.40 2.$.': )3' .'1'-0' 0-%&.
5"
CHAPTER# 4
CASE STUDY
GOPINATH PATIL PARSIK "ANATA SAHAKARI
BANK LTD
6#
4.1 HISTORY
I( )3' +'-. 1#1 )3' G$,'.(6'() $*
M-3-.-03).- -2;/%.'& -11 -5.%2/1)/.-1 1-(& $*
"! ,%11-5'0 $* T3-('=B'1-4/. 7'1) %( T3-('
&%0).%2) $* M-3-.-03).-: *$. )3' 4/.4$0' $*
0'))%(5 /4 - ('9 2%)+ %.'. LN'9 B$67-+N.
A2;/%0%)%$( $* 1-(& *$. N'9 B$67-+ 4.$K'2)
6'-(0 2$64/10$.%1+ &'4.%,%(5 0','.-1 )3$/0-(&0 $* 4'$41' $* )3'%. 6'-(0 $*
1%,'1%3$$&. T3$/53 G$,'.(6'() 9-0 4-+%(5 )3'6 6$('+ -0 2$64'(0-)%$ 7/)
)3'+ 9'.' 4-.)'& -9-+ *.$6 )3'%. 1-(&: )3' $(1+ 6'-(0 $* 1%,'1%3$$& *$. )3'6.
T$ ';/%4 )3' 4.$K'2) -**'2)'& 4'.0$(0 -(& )3'%. *-6%1+ 6'67'.0 9%)3 0).'(5)3
-(& -7%1%)+: )$ 0/.,%,' 9%)3 ('9 /.7-( 6'-(0 $* 1%,'1%3$$&: %) 9-0 ('2'00-.+ )$
4.$,%&' )3'6 *%(-(2%-1 -00%0)-(2'. W%)3 - ,%'9 )$ 4.$,%&' *%(-(2%-1 -00%0)-(2':
5'('.-)' '641$+6'() -(& 6'-(0 $* 1%,'1%3$$&: L-)' S3.%.G$4%(-)3&-&- S3%,.-6
P-)%1 -1$(5 9%)3 - 5.$/4 $* +$/(50)'.0 $* K-19- ,%11-5' )$$8 )3' %(%)%-)%,' $*
*$.6-)%$( $* U.7-( C$=$4'.-)%,' B-(8. T3%0 5.$/4 $* +$/(50)'.0 9-0
0/22'00*/11+ ./((%(5 - C$(0/6'. C$=$4'.-)%,' S$2%')+ 7+ (-6' LK-19-
C$(0/6'. C$ = $4'.-)%,' S$2%')+N. T3%0 5.$/4 $* +$/(50)'.0: $( )3'%. 0)/&+=)$/.
)$ W'0)'.( M-3-.-03).-: *$. 0)/&+ $* 2$=$4'.-)%$ 9-0 *-02%(-)'& 7+ (')9$.8
-(& 5.$9)3 $* 2$$4'.-)%,' 0$2%')%'0 -(& )3' .$1' 41-+'& 7+ U.7-( C$$4'.-)%,'
B-(80 %( )3' &','1$46'() $* )3-) .'5%$(.
A*)'. )3' 0)/&+ )$/.: L-)' S3.%.G$4%(-)3&-&- S3%,.-6 P-)%1 -1$(5 9%)3 - 5.$/4
$* +$/(50)'.0 2-11'& - 6'')%(5 $* .'0%&'()0 *.$6 K-19- -(& ('-.7+ ,%11-5'0 -(&
)$$8 )3' *%.0) 0)'4 *$. )3' *$.6-)%$( $* )3' 7-(8 %( D'2'67'. 1#1 7+ 2$11'2)%(5
S3-.' M$('+. C$11'2)%$( $* 03-.' 6$('+ 9-0 )3' 6$0) &%**%2/1) )-08 -) )3-) )%6'.
I( - ,%11-5' 93'.' )3'.' 9'.' ($ 7-(8%(5 *-2%1%)%'0 -,-%1-71': )3'0' +$/(50)'.0
61
0)-.)'& 2$11'2)%(5 R0. 50O= -0 2$().%7/)%$( )$9-.&0 03-.' 2-4%)-1 7+ 5$%(5 &$$. )$
&$$.. I( )3' +'-. 1#1 R0.50O= 9-0 -10$ - 0/70)-()%-1 -6$/() -(& %) )$$8 1$) $*
'**$.)0 -(& 3-.&03%4 )$ 2$11'2) )3' .';/%.'& (/67'.0 $* 6'67'.0.
T3' .'5%0).-)%$( $* LP-.0%8 J-(-)- S-3-8-.% B-(8 L)&.N 9-0 -44.$,'& 7+ C$=
$4'.-)%,' D'4-.)6'() %( )3' 6$()3 $* A4.%1: 1#2: 9%)3 .'5%0).-)%$( (/67'.
TNAOBNKO1"0 &-)'& 24)3 A4.%1: 1#2. T3' *%.0) 7.-(23 $**%2' -) K-19- N-8-
9-0 $4'('& $( 210) M-+C 1#2.T3' 7-(8 9-0 (-6'& -0 LP-.0%8N 7'2-/0' -2)%,'
K/.%0&%2)%$( $* 7-(8 9-0 )3' 9'0) 0%&' -.'- $* P-.0%8 H%11: 93%23 3-0 .-(5' *.$6
K-19- )$ B'1-4/. ?)3' *-6$/0 P-.0%8 R-%19-+ T/(('1 %0 0%)/-)'& %( )3' 0-6'
.-(5'@. LP-.0%8N -10$ 6'-(0 P-.039-(-)3 ?L$.& S3%,-@: 93$0' )'641' 9-0
'>%0)'& $( )3' 3%11 -0 4'. 3%0)$.+. B-(8 -23%','& 0)-)/0 $* LS23'&/1'& B-(8N $(
30)3 J-(/-.+: 1##!.
A0 -( %64-2) $* )3' T./0) 03$9( %( L-)' S3.%. G$4%(-)3&-&- S3%,.-6 P-)%1: -(
-6$/() $* R0.1 1-2 9-0 2$11'2)'& 9%)3%( 3 6$()30. F$. )3' *%.0) )3.'' )$ *$/.
+'-.0: B-(8 9-0 ).+%(5 )$ 6-%()-%( %)0 '>%0)%(5 D'4$0%) 7/) 9%)3 2$(0%0)'()
'**$.)0 $* L-)' S3.%. G$4%(-)3&-&- S3%,.-6 P-)%1 -(& 3%0 )'-6: B-(8 -22'1'.-)'&
%)0 4-2' $* 5.$9)3 %( )3' *$.)32$6%(5 +'-.0. T3' C$(0%0)'() -(& D'&%2-)'&
'**$.)0 $* L-)' S3.%. G$4%(-)3&-&- S3%,.-6 P-)%1 -(& 3%0 )'-6 7.$/53) &%5(%)+ )$
)3' B-(8 %( )3' *$.6 $* P-&6-73/03-( V-0-()&-&- P-)%1 P/.-08-. 2$()%(/$/01+
*$. 1##5=#": 1##"=#: 1##=#! 93%23 9-0 -9-.&'& 7+ M-3-.-03).- S)-)' C$=
$4'.-)%,' B-(80 A00$2%-)%$( %( )3' M/67-% D%,%0%$(. A0 - )$8'( $*
-28($91'&56'() *$. G'('.$0%)+: C$(0%0)'(2+: D'&%2-)%$( -(& S-2.%*%2' 6-&'
*$. )3' 5.$9)3 $* C$=$4'.-)%$( 7+ L-)' S3.%. G$4%(-)3&-&- S3%,.-6 P-)%1:
T3-(' M/(%2%4-1 C$.4$.-)%$( -9-.&'& 3%6 9%)3 )3' 6$0) 2$,')'& THANE
BHUSAN PURASKAR 93%23 %0 -($)3'. *'-)3'. %( )3' B-(8F0 R'4/)-)%$(.
B-(8 3-0 7''( 2-)'.%(5 )3' (''&0 $* )3' 0$2%')+ )3.$/53 %)0 9'11=';/%44'& 42
B.-(23'0 04.'-& %( T3-(': M/67-%: N-,% M/67-%: P/(': N-03%8: D
I23-18-.-(K% ?K$13-4/.@. I) 3-0 7''( 4'.6%))'& )$ '>)'(& %)0 -.'- $* $4'.-)%$(
62
)3.$/53$/) )3' 0)-)' $* M-3-.-03).-. B-(8 %0 5.-&/-11+ 4.$5.'00%(5 $( )3' 4-)3
$* C$(0%0)'(2+ -(& D'&%2-)%$( 9%)3 E)3%20: P.%(2%41'0 -(& D%02%41%(' &','1$4'&
7+ L-)' S3.% G$4%(-)3 S3%,.-6 P-)%1 *$. -23%',%(5 )3' /1)%6-)' 5$-1 $*
C/0)$6'. S-)%0*-2)%$(. B-(8 ';/%44'& 9%)3 CBS: NEFTORTGS %0 %( 4.$2'00 *$.
4.$,%&%(5 N') B-(8%(5: M$7%1' B-(8%(5: D'7%) C-.&. B-(8 %0 5'-.%(5 %)0'1* 9%)3
%(2.'-0%(5 (/67'. $* B.-(23'0 )3.$/53$/) M-3-.-03).- %( )3' ('-. */)/.'.
SOCIAL RESPONSIBILITIES
1. I( O2)$7'.: 1#!5 L-)'. G$4%(-)3 S3%,.-6 P-)%1 ?M.2$6.: LLB@ = T3' *$/(&'.
$* G$4%(-)3 P-)%1 P-.0%8 J-(-)-
S-3-8-.% B-(8 L)&. D 2$(0/6'. 2$=
$4'.-)%,' 0$2%')+ 3-& %(%)%-)'& -
4.$4$0-1 )$ F$.'0) D'4-.)6'():
P/(': )$ 0$/53) 4'.6%00%$( *$. -
G.''( I(%)%-)%,' 4.$K'2). F$.'0)
D'4-.)6'() -11$))'& - 3%11: 2-11'&
P-.0%8 H%11: 93%23 %0 0%)/-)'& ('-.7+
K-19- V%11-5' -(& )3' 9'11=8($9(
P-.0%8 R-%19-+ T/(('1. F$.'0) D'4-.)6'() 4'.6%))'& *$. )3' 41-()-)%$( $( )3'
P-.0%8 H%11 %( 1##0. F$. 1-0) 20 +'-.0 )3' 9$.8 $* 41-()-)%$( -(& $)3'. .'1-)'&
-2)%,%)%'0 1%8' 6%($. %..%5-)%$ *$.'0) 2$(0'.,-)%$( -.' 5$%(5 $(. U(&'. )3'
5/%&-(2' $* B$-.& $* D%.'2)$.0: '641$+''0 $* GP P-.0%8 B-(8 3-,' 7''(
.'5/1-.1+ 4'.*$.6%(5 ,-.%$/0 -2)%,%)%'0 )$ ./( )3%0 4.$K'2) '**'2)%,'1+. D/' )$
)3'%. 3-.& 9$.8 -(& 2$(0%0)'(2+: )3' 1-(& -&6'-0/.%(5 0 3'2)-.' 2-6' /(&'.
41-()-)%$(. O(2' - 7-..'( 3%11 %0 ($9 2$,'.'& 9%)3 *%*)+ )$ *%*)+ *%,' )3$/0-(&
).''0: 93%23 %0 - 3/5' 0/22'00.
2. A) )3' .';/'0) $* CIDCO LTD. %( )3' +'-. 1##3: P-.0%8 B-(8 3-0 /(&'.)-8'(
)3' &','1$46'() $* 5-.&'( $( 14 -2.'0 $* 1-(& 0%)/-)'& ('-. B'1-4/. %( N-,%
63
M/67-% -.'-. T3' 0-%& 5-.&'( 9-0 -10$ (-6'& -0 P-.0%8 H%11 G-.&'(. T3'
'641$+''0 -(& 6'67'.0 $* B$-.& 3-0 5%,'( )3'%. )$)-1 2$66%)6'() *$. )3'
&','1$46'() $* 5-.&'(.
3. P-.0%8 B-(8 %( )3' +'-. 1##!=## 3-0 41-()'& ('-.1+ 1200 41-()0 %( K-19-
V%)-9- .'5%$( /(&'. 023'6' 2-11'& C1'-( T3-(' G.''( T3-(': 93%23 9-0
%(%)%-)'& 7+ T3-(' M/(%2%4-1 C$.4$.-)%$(. I) -10$ %(21/&'& &'2$.-)%$( $* $('
).-**%2 %01-(& -(& 7/%1&%(5 - 7/0 0)$4.
4. O)3'. -2)%,%)%'0
Q E&/2-)%$(-1 3'14
Q M'&%2-1 3'14
Q B/%1&%(5 $* 03'& *$. */('.-1 D $)3'. .'1%5%$/0 -2)%,%)%'0
Q S4$.)0
Q F%(-(2%-1 -00%0)-(2' )$ 0$2%-1 $.5-(%E-)%$(0
5. B-(8 3-0 6-%()-%('& - */(& 2-11'& M'67'. W'1*-.' F/(&. E,'.+ +'-. -
2$(0%&'.-71' -6$/() %0 2$().%7/)'& )$ )3%0 */(& $/) $* (') 4.$*%) '-.('& 7+ )3'
7-(8 G3-(0$1% %0 $(' $* )3' ($&'0 Y21-.%*%2-)%$( (''&'&Z $* N-,% M/67-%.
64
4.2 RTGS SYSTEM IN GP PARSIK BANK
B'%(5 6'67'. $* R'-1 T%6' G.$00 S'))1'6'() S+0)'6 ?RTGS@: $/. B-(8 $**'.0
).-(0*'. $* */(&0 )3.$/53 RTGS. O/. 2/0)$6'.0 2-( 3-,' 4.$64): '**%2%'():
0'2/.': '2$($6%2-1 -(& .'1%-71' ).-(0*'. $* */(&0 *.$6 $/. 7-(8 )$ )3'
7'('*%2%-.+F0 -22$/()0 9%)3 $)3'. 6'67'. 7-(80 -2.$00 )3' 2$/().+ -(& *.$6
.'6%))'.F0 -22$/() %( - 4-.)%2/1-. 6'67'. 7-(8 )$ )3' 7'('*%2%-.+F0 -22$/() 9%)3
$/. 7-(8. M%(%6/6 0)%4/1-)'& ).-(0-2)%$( ,-1/' *$. /0%(5 )3%0 *-2%1%)+ %0
R0.200000O=.
A( '1'2).$(%2 4-+6'() 0+0)'6 %( 93%23 4-+6'() %(0)./2)%$(0 7')9''( $/. 7-(8
-(& $)3'. 7-(80 -.' 4.$2'00'& -(& 0'))1'& %(&%,%&/-11+ -(& $( - .'-1 )%6' 7-0%0
*$. ).-(0-2)%$( ,-1/' $* R0 2 1-2 -(& -7$,'. U(&'. ($.6-1 2%.2/60)-(2'0 )3'
7'('*%2%-.+ 7-(8B0 7.-(23 .'2'%,'0 )3' */(&0 %( .'-1 )%6' -0 0$$( -0 */(&0 -.'
).-(0*'..'& 7+ )3' .'6%))%(5 7-(8.
RTGS 0+0)'60 9$.8 $( -11 &-+0 '>2'4) $( S/(&-+ -(& (-)%$(-1 3$1%&-+0 -2.$00
)3' 0)-)'0.
B$'$%&.&*-3F/ I'%)-6*(&)' -$G0&-$4 %)- (-*'/%$- )% %0'4/
N-6' $* )3' 7'('*%2%-.+
A22$/() N/67'. $* )3' 7'('*%2%-.+
A6$/() )$ 7' .'6%))'&
N-6' $* )3' 7'('*%2%-.+ 7-(8: 7.-(23 -(& %)0 IFSC
S'(&'. )$ .'2'%,'. %(*$.6-)%$ %* -(+
65
C,*-2$/C UP TO R0 5 1-83 R0 20O=
ABOVE R0 5 1-83 R0 40O=
T&6&'2/C
M)'4*3 () F-&4*3 10.00 *6 () 3.30 76
S*(0-4*3 10.00 *6 () 12.3076
66
4.3 IFSC C)4$ GOPINATH PATIL PARSIK "ANATA
SAHAKARI BANK LTD, GHANSOLI B-*'.,=
GOPINATH PATIL PARSIK JANATA SAHAKARI BANK LTD IFSC C$&' $*
GHANSOLI B.-(23 %0 PJSB0000032. GOPINATH PATIL PARSIK JANATA
SAHAKARI BANK LTD %0 1$2-)'& %( THANE 0)-)': GHANSOLI &%0).%2). I*02
2$&' $* GOPINATH PATIL PARSIK JANATA SAHAKARI BANK LTD:
GHANSOLI B.-(23 %0 ('2'00-.+ )$ &$ $(1%(' */(& ).-(0*'..
P"SB0000032 IFSC .)4$ 4$(*&1/
IFSCC PJSB0000032
B*'+C GOPINATH PATIL PARSIK JANATA SAHAKARI BANK LTD
B-*'.,C GHANSOLI
A44-$//C HOUSE NO 033": SECTOR GHA NODE GHANSOLI:
NAVI MUMBAI 40001
C)'(*.(C
MICR C)4$C N A
67
4.4PRIMARY DATA COLLECTED FROM GP PARSIK
BANK GHANSOLI
? I' 8,&., 3$*- A*'+ /(*-($4 RTGS /3/($6=
A'/C I( 2004
? H)8 6*'3 .0/()6$-/ 0/&'2 (,&/ %*.&1&(3 &' 3)0- A-*'.,=
A'/C 50R = 5R
? T,&/ %*.&1&(3 &/ %-$G0$'(13 0/$%01 () 8,)6=
A'/C RTGS 0+0)'6 %0 /0'*/1 )$ 7/0%('006-(.
? I/ RTGS %*.&1&(3 &/ *5*&1*A1$ 24H:
A'/C N$: %) %0 ($) -,-%1-71' )$ 24[ &-+0.
? I/ (,$-$ 6&'&606 *'4 6*E&606 *6)0'( /(&701*(&)' %)- RTGS=
Ans: T3' RTGS 0+0)'6 %0 4.%6-.%1+ 6'-() *$. 1-.5' ,-1/' ).-(0-2)%$(0. T3'
6%(%6/6 -6$/() )$ 7' .'6%))'& )3.$/53 RTGS %0 \ 2 1-83. T3'.' %0 ($ /44'.
2'%1%(5 *$. RTGS ).-(0-2)%$(0.
? C*' U/$- /$'4 -$6&((*'.$/ *A-)*4 (,-)02, NEFT/RTGS=
A(0< N$. I) %0 -441%2-71' $(1+ 9%)3%( )3' 2$/().+
? C*' U/$- -$.$&5$ / /$'4 -$6&((*'.$/ %-)6 NRI A..)0'(/=
A(0< Y'0. F/(&0 2-( 7' ).-(0*'..'& 9%)3%( I(&%- 0/7K'2) )$ -441%2-7%1%)+ $*
4.$,%0%$(0 $* FEMA
68
? I/ &( '$.$//*-3 (,*( .0/()6$- /,)014 ,*5$ *' *..)0'( 8&(, A*'+=
A'/C Y'0.
TRANSACTION DETAIL.
RTG)
C$&@U&)
D&BIT CRD
CR&DIT CRD
&FT
&C)
R'-1 T%6' G.$00 S'))1'6'() %0 HUGE. W%)3 $,'. 34 1-83 2.$.'0 ).-(0-2)'& %( -
+'-.: %) 3-0 )3' 7%55'0) 02-1' $* )3'6 -11 9%)3 2."R $* )$)-1 ).-(0-2)%$( ,-1/'.
M/23 $* )3' %()'.=7.$8'. 0'))1'6'() $( 0)$28 -(& 7$(& '>23-(5'0 3-44'(0
)3.$/53 RTGS: -0 &$ 6-(+ 1-.5' 4-+6'()0. A )%6%& 0'2$(& -.' 23';/'0 -)
1!.4R. C.'&%) -(& &'7%) 2-.&0 -.' - */(2)%$( -) 2=3R.
6"
CHAPTER#5
CONCLUSION
FINDINGS
? F.$6 )3' 0/.,'+: %) 2-( 7' /(&'.0)$$& )3-) '1'2).$(%2 */(& ).-(0*'. 0'.,%2'
%0 4.$,%&'& %( -11 6-K$.%)+ $* 7-(80 %( I(&%-.
? D/' )$ %(*$.6-)%$( )'23($1$5+ 0'.,%2' $* RTGS %0 .-4%&1+ %(2.'-0%(5.
? T3' R'-1 T%6' G.$00 S'))1'6'() 0+0)'6 %0 7'%(5 &'0%5('& )$ 4.$,%&'
1-.5' ,-1/' */(&0 ).-(0*'. -(& 0'))1'6'() %( -( $(=1%(' .'-1 )%6'
'(,%.$(6'() )$ )3' 7-(8%(5 %(&/0).+: 9%)3 0'))1'6'() $( - 5.$00 7-0%0.
? P.$,%&' 0%5(%*%2-() 7'('*%)0 )$ %(&%,%&/-10 -(& 7/0%('00'0 )3.$/53$/)
I(&%-
? RTGS 4.$,%&%(5 %(2.'-0'& %()'5.%)+ -(& 0'2/.%)+ *$. -11 %()'.7-(8
).-(0-2)%$(0.
FINDING FROM GP PARSIK BANK#
? T3' RTGS 0+0)'6 %0 )3' *-0)'0) 4$00%71' %()'.7-(8 6$('+ ).-(0*'. *-2%1%)+
-,-%1-71' )3.$/53 0'2/.' 7-(8%(5 23-(('10 %( I(&%-
? GP P-.0%8 B-(8 4.$,%&' RTGS: NEFT: A(+ B.-(23 B-(8%(5 S'.,%2' I
200#.
? P.$,%&' I(0)-() &$6'0)%2 */(& ).-(0*'. *-2%1%)+.
7#
? I).'&/2'0 4-4'.9$.8.
CONCLUSION
? R)50 2-( 4.$,%&' - (/67'. $* 7'('*%)0 )$ )3' 2/0)$6'. -0 9'11 -0
2$64-(+
? I) -10$ 2-( 4.$,%&' ('9 7/0%('00 $44$.)/(%)%'0 *$. 7-(80
? S2$4 $* RTGS %0 %(2.'-0'0 0/22'00*/11+
? I) .'&/2' )3' 0+0)'6-)%2 .%08
SUGGESTION
? B-(8 03$/1& 2$6' /4 )3' 6$.' 7.-(23'0 %( $)3'. 7%5 2%)%'0 )$&-+ %0 )3'
'.- $* 2$64')%)%$( %( $.&'. )$ %(2.'-0' )3' 7-(8%(5 -(& (')9$.8 -(
-55.'00%,' -44.$-23 %0 .';/%.'&.
? T3'.' 03$/1& 7' - 2'().-1 0'2)%$( )$ &'-1 9%)3 )3' 2/0)$6'. ;/'.%'0 -(&
$)3'. .'04$(0'.
? T3' RTGS *-2%1%)+ 03$/1& 4.$,%&' )$ -11 -22$/() 3$1&'.0.
? T3' RTGS 03$/1& 7' '>)'(& %()$ 6$.' )%6'.
71
BIBLIOGRAPHY
TITLE AUTHOR
CENTRAL BANKING FOR
EMERGING MARKET
ECONOMICS
VASUDEVAN
INTERNATIONAL BANKING
AND FINANCE
DEEPAK ABHYANKAR
EBLIOGRAPHY
EBSITES LOGOS
'(.9%8%4'&%-.$.5O9%8%OR'-1=)%6']5.$00]0'))1'6'()
999.7/0%('00=0)-(&-.&.2$6
72
999.544-.0%87-(8.2$6
7-(8%*022$&'.2$6
ANNE!URE
DUESTIONNAIRE FORINTERVIE
N*6$ C IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII
D$/&2'*(&)'C IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII
I' 8,&., 3$*- 3)0- A-*'., /(*-($4 RTGS /3/($6=
IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII
H)8 6*'3 .0/()6$-/ 0/&'2 (,&/ %*.&1&(3 &' 3)0- A-*'.,=
*? 25J # 50J
A? 50J # :5J
.? A'4 *A)5$ :5J
T,&/ %*.&1&(3 &/ %-$G0$'(13 0/$%01 () 8,)6=
IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII
I/ RTGS %*.&1&(3 &/ *5*&1*A1$ 24H:
Y$/
73
N)
I/ (,$-$ 6&'&606 *'4 6*E&606 *6)0'( /(&701*(&)' %)- RTGS=
IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII
IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII
IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII
IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII
I/ &( '$.$//*-3 (,*( .0/()6$- /,)014 ,*5$ *' *..)0'( 8&(, A*'+=
IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII
IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII
C*' U/$- /$'4 -$6&((*'.$/ *A-)*4 (,-)02, NEFT/RTGS=
IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII
IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII
IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII
C*' U/$- -$.$&5$ / /$'4 -$6&((*'.$/ %-)6 NRI A..)0'(/=
IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII
IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII
IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII
74
DUESTIONNAIRE FOR CUSTOMER
N*6$ )% (,$ .0/()6$- C#
G$'4$- C#
A2$ C#
D0*1&%&.*(&)' C#
P-)%$//&)' C#
M)'(,13 &'.)6$ C#
F)- (,$ 7*/( ,)8 6*'3 3$*-/ *-$ 3)0 0/&'2 (,$ RTGS /3/($6=
IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII
I/ &( ($.,'&.*113 .)'5$'&$'(=
Y$/
N)
A-$ 3)0 /*(&/%&$4 8&(, (,$ RTGS /$-5&.$ )% (,$ A*'+=
Y$/
75
N)
,*( /022$/(&)' 3)0 .*' 2&5$ () &67-)5$ (,$ RTGS /$-5&.$=
IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII
76

doc_385473281.docx