General Knowledge · Banking Systems
Which of the following statements correctly distinguishes between the payment systems NEFT, RTGS, and IMPS in India?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1All three systems settle transactions in deferred batches at the end of the day.
- 2RTGS settles transactions individually in real time, NEFT settles in half-hourly batches, and IMPS settles instantly in real time.✓
- 3NEFT and IMPS operate in real time, while RTGS operates in batches.
- 4NEFT and RTGS are managed by NPCI, while IMPS is managed by RBI.
Correct answer
RTGS settles transactions individually in real time, NEFT settles in half-hourly batches, and IMPS settles instantly in real time.
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