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Saroj Kumar

Banking Exams
Financial Awareness
2 years ago

Difference Between NEFT & RTGS ?

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Muskan Anand

2 years ago

NEFT is a payment system where the settlement of funds takes place in half-hourly batches. RTGS a payment system of continuous and real-time settlement of fund transfers. RTGS is preferred for urgent transfer of large amounts. NEFT is preferred for transfers that are not time-sensitive.

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