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    Question

    Which of the following is an advantage of NEFT over RTGS

    for retail users?
    A Real-time settlement of large value funds Correct Answer Incorrect Answer
    B No minimum transaction limit and availability for small-value transfers Correct Answer Incorrect Answer
    C Exclusively available to corporate customers Correct Answer Incorrect Answer
    D Only available on working days Correct Answer Incorrect Answer
    E Requires remitter and beneficiary to have the same bank Correct Answer Incorrect Answer

    Solution

    NEFT is ideal for small or large-value transactions, with no minimum limit and now operates 24×7×365.

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