Economics · Banking Systems
The National Electronic Funds Transfer (NEFT) system operates on which settlement mechanism?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Bilateral clearing only
- 2End-of-day settlement
- 3Deferred net settlement in half-hourly batches✓
- 4Real-time gross basis
Correct answer
Deferred net settlement in half-hourly batches
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