Large value payment system consist of
A)ecs
B)rtgs
C)neft
D)obe

Question

Quizplus · Accepted Answer

RTGS (Real-Time Gross Settlement) is the correct answer because it is specifically designed for the processing of large value payments in real-time and on a gross settlement basis. ECS (Electronic Clearing Service) and NEFT (National Electronic Funds Transfer) are primarily used for smaller value transactions and do not necessarily process transactions in real-time or on a gross basis. OBE does not correspond to a recognized payment system in the context provided.

Large Value Payment System Consist of