Banking · Payment Systems
Which interbank electronic fund transfer system in India is best suited for time-critical, high-value transactions, providing continuous (24x7x365) real-time settlement of individual transactions on a gross basis?
- 1National Automated Clearing House (NACH)
- 2Immediate Payment Service (IMPS)
- 3Real Time Gross Settlement (RTGS)✓
- 4National Electronic Funds Transfer (NEFT)
Correct answer
Real Time Gross Settlement (RTGS)
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