What is rgcs in banking?
1 Answer(s) Available
Answer # 1 #
Presently, all IMPS member banks are accessing RGCS – RuPay Global Clearing System - for IMPS operational activities (viz. Admin Access: In DMS, admin access for the bank is with NPCI. It was set up with the guidance and support of the Reserve Bank of India (RBI) and Indian Banks Association (IBA). Process: 1For Remitting Banks: Basis the customer complaint, remitting bank can raise charge back in. "Major Indian banks yet to enable Aadhaar payments on BHIM app - ETtech".
