Question

please replay fast Q17

Answer 1

RTGS:-

The full form of RTGS is "Real Time Gross Settlement". RTGS can be defined as "the continuous (real-time) settlement of funds transfers individually on an order by order basis (without netting)"

NEFTS:-

The full form of NEFT is "National Electronic Funds Transfer (NEFT). The NEFT is a nation wide payment system facilitating one-to-one funds transfer. Under this system, individuals, firms and corporates can electronically transfer funds from any bank branch to any individual, firm or corporate having an acount with any other bank branch in the country participating in the system.