InterviewSolution
Saved Bookmarks
| 1. |
Distinguish between NEFT and RTGS. |
|
Answer» NEFT: NEFT- National Electronic Funds Transfer service can be used for sending funds inter-bank and intra-bank. The limit of remitting funds is from Rs 1 to limitless. RTGS : RTGS – Real Time Gross Settlement service can also be utilized for sending funds inter-bank and intra-bank, but the minimum amount is Rs 2 lakh and no upper limit. NEFT: Timings : 09:00 hours to 19:00 hours (Monday to Friday) 09:00 hours to 13:00 hours (Saturday) RTGS: Timings : 09:00 hours to 16:30 hours (Monday to Friday) 09:00 hours to 13:30 hours (Saturday) |
|