Explanation:

- NEFT (National Electronic Funds Transfer): Operated by the RBI, NEFT allows for electronic transfer of money. Transactions are settled in batches.

- Current Timing Details for NEFT:

- NEFT operates in half-hourly batches.

- This means there are 48 batches per day (24 hours x 2).

- RTGS (Real-Time Gross Settlement): This system is meant for high-value transactions. It processes transactions continuously throughout the bank's working hours.

Options Explained:

- Option 1: 48 – Reflects the correct number of daily NEFT batches.

- Option 2: 34 – Incorrect, doesn't match the current frequency.

- Option 3: 23 – Incorrect, also doesn't align with the NEFT batch schedule.

- Option 4: 24 – Incorrect, likely confused with hourly batches.

- Option 5: 18 – Incorrect, doesn't relate to NEFT batch times.

Correct Answer: Option 1 - 48