Question

Distinguish in clear terms between NEFT and RTGS.

Answer 1

Answer:

We have been given that

Difference in clear terms between NEFT and RTGSis

 NEFT = National Electronic funds transfer

This is a maximum amount is  no limit

started time in weekdays is  8:00 am to 6 :30 pm and stauarday is  8 : 00 am to 1 : 00 pm ,second satuardy and fouth satuarday and bank holiday is off.

RTGS  = Real time Gross settlement

money is credited in the account in real time

The RTGS system is primarily meant for large value tanscation that requires and receive

Correct answer is

NEFT = National Electronic funds transfer

RTGS  = Real time Gross settlement