FAT

• FAT not larger than 4GB
• FAT32 not larger than 64GB
• exFAT for removable drives

NTFS

• supports ACL, encryption, etc.
• Formatting:
  • MBR (upto 2TB)
  • GPT

ReFS

• Introduced with Server 2012
• Has enhanced resiliency to data corruption
• Not feature-parity with NTFS
• Not suitable for boot volumes and removable media

---

references: