Business Studies, asked by bhumikp111, 4 months ago

What is the difference between NEFT and RTGS? 4mks

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Answered by Anonymous

3

Answer:

RTGS (real time gross settlement) and NEFT (national electronic funds transfer) are electronic payment systems that allow individuals to transfer funds between banks. ... Fund transfer under NEFT is settled in batches as opposed to the real-time settlement process in RTGS. The batches are settled in hourly time slots.

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