Consider the following statements in respect of RTGS and NEFT: 1) In RTGS, the settlement time is instantaneous while in case of NEFT, it takes some time to settle payments. 2) In RTGS, the customer is charged for inward transactions while that is not the case for NEFT. [2025]

Consider the following statements in respect of RTGS and NEFT:

In RTGS, the settlement time is instantaneous while in case of NEFT, it takes some time to settle payments.
In RTGS, the customer is charged for inward transactions while that is not the case for NEFT.
Operating hours for RTGS are restricted on certain days while this is not true for NEFT.

	NEFT (National Electronic Funds Transfer)	RTGS (Real Time Gross Settlement)
Settlement	Processing in batches at intervals	Real-time basis or one-on-one
Limit on funds	No, there is no limit imposed by the RBI for funds transfer through NEFT system. However, a member bank may place amount limits based on its own risk perception with the approval of its Board.	The minimum amount to be remitted through RTGS is ₹ 2,00,000/- with no upper or maximum ceiling.
Service availability	Available 24×7, 365 days	Available 24×7, 365 days
Charges	No charges for inward transactions. Charges for outward transactions of between Rs. 2.5 to Rs. 25 depending on the amount.	No charges for inward transactions. Charges for outward transactions of between Rs. 25 to Rs. 50 depending on the amount.