Question

What is correct about RTGS and NEFT: i) RTGS is

Q: What is correct about RTGS and NEFT: i) RTGS is intended for big amount and NEFT is for smaller am

NEFTNationalElectronicFundsTransfertransactionsaresettledinbatcheswhichrunatanintervalof30minutes23settlementsoccurringbetween800AMand700PMRTGSRealTimeGrossSettlementasthenamesuggestsisbasedonrealtimesettlement

intended for big amount and NEFT is for smaller amount. RTGS can be done for amounts of minimum Rs.2 lakh ii) RTGS funds are settled on continuous basis while NEFT has settlement slots iii) NEFT can be used through mobile banking but not RTGS iv) Transaction charge are same for both NEFT and RTGS

A Only i and ii

B Only ii and iii

C Only i, ii and iii

D Only i, ii and iv

E All of the above

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