NEFT and RTGS

RTGS (Real Time Gross Settlement)

• Remittance of funds by electronic mode of payment across India
• Beneficiary account credited within 2 hours in RTGS (Amt more than Rs.2 Lakhs and above)


• Assured transfer of funds


• Reasonable rate of commission as compared to demand drafts and pay order

NEFT (National Electronic Funds Transfer)

• Remittance of funds by electronic mode of payment across India


• Beneficiary account credited on the same day in NEFT (No limit on minimum and maximum amount to be transferred)


• Highly secured / ”No risk” mode of funds transfer