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Question

Which of the following is a key difference between NEFT and RTGS?

A NEFT works 24/7, but RTGS does not.

B RTGS is based on Net Settlement, while NEFT is Gross Settlement.

C NEFT operates in half-hourly batches, whereas RTGS processes transactions individually and continuously.

D RTGS has no minimum limit, while NEFT starts from ₹2 Lakh.

E NEFT transactions are legally binding, while RTGS is not.

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Relevant for Exams:

SBI CBO

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