Question

Which of the following is a key difference between NEFT

NEFT uses Deferred Net Settlement DNS in batches. RTGS as the name implies settles each transaction individually and immediately upon processing.

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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