Discussion
Which of the following is not true about Real Time Gross Settlement (RTGS) system?
Answer: D
Correct answer: All of the above are correct.
Every statement offered is true, so none of them is the untrue one and the correct response is that all are correct.
RTGS settles transactions individually and continuously as they are received, rather than netting them in batches, so the beneficiary bank receives the funds in real time as soon as the remitting bank sends them. The floor of ₹2 lakh applies to the transaction itself, so it is both the minimum that can be remitted and the minimum that can be received - the two statements describe the same limit from either side. There is no upper ceiling, which is why RTGS is the channel for large-value payments while NEFT serves smaller ones.
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