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      Question

      Which of the following scenarios is most appropriate for

      using RTGS instead of NEFT?
      A Payment of β‚Ή1,000 to a utility biller Correct Answer Incorrect Answer
      B Interbank fund transfer of β‚Ή5 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 β‚Ή10,000 to a foreign beneficiary Correct Answer Incorrect Answer

      Solution

      RTGS is designed for high-value, real-time settlements, with minimum of β‚Ή2 lakh and no upper limit β€” ideal for large, urgent transfers.

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