1.What is rtgs? 2.Difference between rtgs and neft

Question

Accepted Answer

RTGS stands for Real Time Gross Settlement. It is a funds transfer system where transactions are settled in real-time.

RTGS is a payment system used for large-value transactions.
It operates on a gross settlement basis, meaning each transaction is settled individually and immediately.
RTGS is typically used for high-value transactions that require immediate clearing and settlement.
The minimum amount for RTGS transactions is usually higher compared to NEFT.
RTGS transactions are processed in real-time, providing instant transfer of funds.
Examples of RTGS systems include the RTGS systems operated by central banks in various countries.

Accepted Answer

Real Time Gross Settlement (RTGS) is an electronic form of funds transfer where the transmission takes place on a real time basis.NEFT is best suited for low-value transactions and operates in batches while RTGS is used for high-value transactions and settles payments in real-time.

Accepted Answer

Both are related money transfer

Difference: there is a cap of 2Lakhs limit in RTGS but there is no minimum limit to send or receive.

1.What is rtgs? 2.Difference between rtgs and neft

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