Banking · Electronic Clearing Systems in India
Which feature distinguishes Real Time Gross Settlement (RTGS) from National Electronic Funds Transfer (NEFT) in India?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1RTGS is primarily used for retail payments, while NEFT is for bulk corporate payments.
- 2RTGS uses an hourly batch settlement process, while NEFT settles transactions continuously throughout the day.
- 3RTGS settles transactions individually and continuously (Gross Settlement), while NEFT settles transactions in half-hourly batches (Net Settlement).✓
- 4RTGS is an NPCI product, while NEFT is managed directly by the Reserve Bank of India (RBI).
Correct answer
RTGS settles transactions individually and continuously (Gross Settlement), while NEFT settles transactions in half-hourly batches (Net Settlement).
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Banking?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Electronic Clearing Systems in India MCQs →Want more practice questions on Electronic Clearing Systems in India?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Banking · Electronic Clearing Systems in India