Distinguish between NEFT and RTGS.

Question

14 Oct 2021

Answer :

Word Count : 334

NEFT (National Electronic Funds Transfer) and RTGS (Real Time Gross Settlement) are both electronic payment systems that facilitate fund transfers between banks, but they differ in terms of their characteristics, transaction timings, and handling of transactions.

1. Transaction Timing:
- NEFT: NEFT operates on a deferred settlement basis. This means that transactions are _____ _______ _____ ____ _______.
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