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    Question

    Which of the following scenarios is most appropriate for

    using RTGS instead of NEFT?
    A Payment of ₹1,000 to a utility biller Correct Answer Incorrect Answer
    B Interbank fund transfer of ₹5 lakh urgently during business hours Correct Answer Incorrect Answer
    C Bulk salary payments to employees Correct Answer Incorrect Answer
    D Collection of cheques from rural customers Correct Answer Incorrect Answer
    E Remittance of ₹10,000 to a foreign beneficiary Correct Answer Incorrect Answer

    Solution

    RTGS is designed for high-value, real-time settlements, with minimum of ₹2 lakh and no upper limit — ideal for large, urgent transfers.

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