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प्रश्न
Distinguish between NEFT and RTGS.
Write any two differences between NEFT and RTGS.
फरक स्पष्ट करा
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उत्तर १
NEFT: NEFT (National Electronic Funds Transfer) service can be used for sending funds interbank and intra-bank. The limit for remitting funds ranges from ₹ 1 to unlimited.
RTGS: RTGS – Real Time Gross Settlement service can also be utilised for sending funds inter-bank and intra-bank, but the minimum amount is ₹ 2 lakh, and there is no upper limit.
NEFT: Timings: 09:00 hours to 19:00 hours (Monday to Friday)
09:00 hours to 13:00 hours (Saturday)
RTGS: Timings: 09:00 hours to 16:30 hours (Monday to Friday)
09:00 hours to 13:30 hours (Saturday)
shaalaa.com
उत्तर २
| Sr. No. |
Basis of Distinction | NEFT | RTGS |
| 1. | Processing | NEFT transactions are settled in batches. | RTGS transactions are processed individually and continuously. |
| 2. | Minimum transaction value | Minimum value is ₹ 1. | The minimum value is ₹ 2 lakh. |
| 3. | Maximum transaction value | No maximum limit by the RBI. However, banks can fix their maximum limit on their own. | No Maximum Limit. |
shaalaa.com
Transfer of Funds Through Real Time Gross Settlement (RTGS)
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