RTGS (Real Time Gross Settlement) is mainly meant for transfers of at least:
Correct answer: C. ₹2 lakh
RTGS settles each transaction individually and immediately; the minimum amount is ₹2 lakh. Smaller transfers use NEFT or IMPS.
medium
Answer and explanation
The correct answer is C. ₹2 lakh
RTGS settles each transaction individually and immediately; the minimum amount is ₹2 lakh. Smaller transfers use NEFT or IMPS.
Topic: Banking and Financial Awareness MCQs · Subject: Indian Economy and Banking