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What is the difference between RTGS and NEFT as electronic methods of remitting funds in the banking industry?a)There is no limit on the value/amount of funds to be transferred via RTGS, however, only funds up to Rs. 10,000 can be remitted through NEFTb)Under NEFT, the transactions are completed as and when they arise during working hours while in RTGS, the transactions take place in batchesc)Under RTGS, all the transfers will be held up for a specific time while under NEFT, a transaction is completed on a one-to-one basisd)RTGS is suitable for transactions of large amounts requiring immediate transfer while NEFT is suitable for small-value transactions where there is no urgencyCorrect answer is option 'D'. Can you explain this answer? for Banking Exams 2024 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about What is the difference between RTGS and NEFT as electronic methods of remitting funds in the banking industry?a)There is no limit on the value/amount of funds to be transferred via RTGS, however, only funds up to Rs. 10,000 can be remitted through NEFTb)Under NEFT, the transactions are completed as and when they arise during working hours while in RTGS, the transactions take place in batchesc)Under RTGS, all the transfers will be held up for a specific time while under NEFT, a transaction is completed on a one-to-one basisd)RTGS is suitable for transactions of large amounts requiring immediate transfer while NEFT is suitable for small-value transactions where there is no urgencyCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Banking Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the difference between RTGS and NEFT as electronic methods of remitting funds in the banking industry?a)There is no limit on the value/amount of funds to be transferred via RTGS, however, only funds up to Rs. 10,000 can be remitted through NEFTb)Under NEFT, the transactions are completed as and when they arise during working hours while in RTGS, the transactions take place in batchesc)Under RTGS, all the transfers will be held up for a specific time while under NEFT, a transaction is completed on a one-to-one basisd)RTGS is suitable for transactions of large amounts requiring immediate transfer while NEFT is suitable for small-value transactions where there is no urgencyCorrect answer is option 'D'. Can you explain this answer?.

Solutions for What is the difference between RTGS and NEFT as electronic methods of remitting funds in the banking industry?a)There is no limit on the value/amount of funds to be transferred via RTGS, however, only funds up to Rs. 10,000 can be remitted through NEFTb)Under NEFT, the transactions are completed as and when they arise during working hours while in RTGS, the transactions take place in batchesc)Under RTGS, all the transfers will be held up for a specific time while under NEFT, a transaction is completed on a one-to-one basisd)RTGS is suitable for transactions of large amounts requiring immediate transfer while NEFT is suitable for small-value transactions where there is no urgencyCorrect answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for Banking Exams. Download more important topics, notes, lectures and mock test series for Banking Exams Exam by signing up for free.

Here you can find the meaning of What is the difference between RTGS and NEFT as electronic methods of remitting funds in the banking industry?a)There is no limit on the value/amount of funds to be transferred via RTGS, however, only funds up to Rs. 10,000 can be remitted through NEFTb)Under NEFT, the transactions are completed as and when they arise during working hours while in RTGS, the transactions take place in batchesc)Under RTGS, all the transfers will be held up for a specific time while under NEFT, a transaction is completed on a one-to-one basisd)RTGS is suitable for transactions of large amounts requiring immediate transfer while NEFT is suitable for small-value transactions where there is no urgencyCorrect answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of What is the difference between RTGS and NEFT as electronic methods of remitting funds in the banking industry?a)There is no limit on the value/amount of funds to be transferred via RTGS, however, only funds up to Rs. 10,000 can be remitted through NEFTb)Under NEFT, the transactions are completed as and when they arise during working hours while in RTGS, the transactions take place in batchesc)Under RTGS, all the transfers will be held up for a specific time while under NEFT, a transaction is completed on a one-to-one basisd)RTGS is suitable for transactions of large amounts requiring immediate transfer while NEFT is suitable for small-value transactions where there is no urgencyCorrect answer is option 'D'. Can you explain this answer?, a detailed solution for What is the difference between RTGS and NEFT as electronic methods of remitting funds in the banking industry?a)There is no limit on the value/amount of funds to be transferred via RTGS, however, only funds up to Rs. 10,000 can be remitted through NEFTb)Under NEFT, the transactions are completed as and when they arise during working hours while in RTGS, the transactions take place in batchesc)Under RTGS, all the transfers will be held up for a specific time while under NEFT, a transaction is completed on a one-to-one basisd)RTGS is suitable for transactions of large amounts requiring immediate transfer while NEFT is suitable for small-value transactions where there is no urgencyCorrect answer is option 'D'. Can you explain this answer? has been provided alongside types of What is the difference between RTGS and NEFT as electronic methods of remitting funds in the banking industry?a)There is no limit on the value/amount of funds to be transferred via RTGS, however, only funds up to Rs. 10,000 can be remitted through NEFTb)Under NEFT, the transactions are completed as and when they arise during working hours while in RTGS, the transactions take place in batchesc)Under RTGS, all the transfers will be held up for a specific time while under NEFT, a transaction is completed on a one-to-one basisd)RTGS is suitable for transactions of large amounts requiring immediate transfer while NEFT is suitable for small-value transactions where there is no urgencyCorrect answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice What is the difference between RTGS and NEFT as electronic methods of remitting funds in the banking industry?a)There is no limit on the value/amount of funds to be transferred via RTGS, however, only funds up to Rs. 10,000 can be remitted through NEFTb)Under NEFT, the transactions are completed as and when they arise during working hours while in RTGS, the transactions take place in batchesc)Under RTGS, all the transfers will be held up for a specific time while under NEFT, a transaction is completed on a one-to-one basisd)RTGS is suitable for transactions of large amounts requiring immediate transfer while NEFT is suitable for small-value transactions where there is no urgencyCorrect answer is option 'D'. Can you explain this answer? tests, examples and also practice Banking Exams tests.