What is the difference between RTGS and NEFT?
Answer (1)
28th Feb, 2023
RTGS and NEFT are two different payment systems used for electronic fund transfers. RTGS is used for high-value transactions while NEFT is used for smaller transactions. The main difference between RTGS and NEFT is the settlement process. RTGS transactions are settled in real time while NEFT transactions are settled in batches.
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