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Question
Compare and contrast the features of RTGS and NEFT.
Distinguish Between
Solution
| S. No. | Basis of Distinction | NEFT | RTGS |
| 1. | Processing | NEFT Transactions are settled in batches. | RTGS transactions are processed individually and continuously. |
| 2. | Minimum transaction value | No minimum value. | Minimum value is 2 lacs. |
| 3. | Number of transfers during the day | Six times on a weekday and three times on Saturday. | No limit on the number of transfers during the day. |
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Modes of Transfering Money Online
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