Which of the following statements is incorrect regarding RTGS system?

आरटीजीएस प्रणाली के संबंध में निम्नलिखित में से कौन सा कथन गलत है?

The transactions take place in real time

The system operates on DNS (Deferred Net Settlement) basis

The minimum amount that can be remitted is Rs. 2 lakh

Service charges for RTGS transactions vary from one bank to another

Explanation:

The correct answer is:

(B) The system operates on DNS (Deferred Net Settlement) basis

This statement is incorrect because RTGS operates on a real-time gross settlement (RTGS) basis, not on a Deferred Net Settlement (DNS) basis.