General Studies · Payment Systems
Which of the following is a common feature of both NEFT and RTGS systems in India?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1They operate on a continuous gross settlement basis for all transactions.
- 2They are available to all eligible licensed commercial banks in India.✓
- 3They primarily enable cross-border money transfers for retail users.
- 4They are both decentralized payment systems.
Correct answer
They are available to all eligible licensed commercial banks in India.
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