Business Studies, asked by snadlatti, 3 months ago

What is NEFT and RTGS

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Answered by nnikithathangaraju
2

Answer:

The real-time gross settlement (RTGS) system is meant for large-value instantaneous fund transfers, while the national electronic funds transfer (NEFT) system is used for fund transfers of up to Rs 2 lakh. "With a view to push the digital transaction, the RBI has decided not to charge the RTGS and NEFT transactions.

Explanation:

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