UPSC 2025: Consider the following statements in respect of RTGS and NEFT : I. In RTGS, the settlement time is instantaneous while in case of NEFT, it takes some time to settle payments. II. In RTGS, the customer is charged for inward transactions while that is not the case for NEFT. III. Operating hours for RTGS are restricted on certain days while this is not true for NEFT. Which of the statements given above is/are correct?

The correct answer is option (a): I only. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.

This question was asked in UPSC CSE Prelims 2025, GS Paper 1, as Question 68. It falls under Indian Economy > Digital Payments & Financial Inclusion.

This question is rated "easy". It tests basic recall and most well-prepared aspirants should answer it correctly.

UPSC has asked 23 questions from Digital Payments & Financial Inclusion (under Indian Economy) across multiple years. Visit the topic page to see the full list and year-wise trends.