NEFT stands for National Electronic Funds Transfer, known as a part of inter bank transfer service which allows you to transfer money electronically to other bank accounts. RTGS stands for Real Time Gross Settlement, which means the processing of funds transfer takes place at the time of receival.
The key difference between the two is that in RTGS, the beneficiary account is credited with funds within 30 minutes of receiving the transfer message, while in NEFT, you can expect the funds transfer within two hours. Both of these services operate on a 24/7x365 basis. I hope it helps you understand about RTGS and NEFT transaction.
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What is RTGS & NEFT Transaction?
hammaker
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11 months
2025-01-06T11:14:52+00:00 2025-01-07T12:57:22+00:00Comment
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