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.
NoBroker InstaCash Loan
Get upto Rs. 10 Lakhs Instantly in your Bank Account with hassle free auto repayment.
Instant approval and disbursement
Interest rate starting 12.99%
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.
Get Up to Rs. 10 Lakhs Instantly in your Bank Account through NoBroker Banking Services
Read more
Your Feedback Matters! How was this Answer?
NoBroker Personal Loan & Home Loans
✔
Max Funding✔
Lowest Interest Rates✔
Quick Sanction✔
Doorstep Assistance✔
No Hidden Charges
Know your Borrowing Capacity
Check Eligibility
Reduce your EMIs
Transfer Now
What is RTGS & NEFT Transaction?
hammaker
126 Views
1
4 months
2025-01-06T11:14:52+00:00 2025-01-07T12:57:22+00:00Comment
Share