Consider the following statements in respect of RTGS and NEFT :I.In RTGS, the settlement time is instantaneous while in case of NEFT, is 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?

1. A

   I only

   I only. RTGS settles continuously; NEFT is batched (even if batches are frequent).

2. B

   I and II

   I and II. Inward RTGS is not a customer charge in RBI’s published tariff in the way II states.

3. C

   I and III

   I and III. Both RTGS and NEFT have been extended toward 24x7. III’s ‘only RTGS is restricted’ fails.

4. D

   III only

   III only. Drops the settlement-speed line, which holds.

Summary. Official key is (a) I only. RTGS is real-time; NEFT settles in batches. Inward RTGS is not charged to the customer in the same way, and both systems now run long hours — so II and III fail. (c) keeps III.