Distinguish in clear terms between NEFT and RTGS.
Answers
Answered by
0
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
Similar questions