NEFT (National Electronic Funds Transfer) and RTGS (Real Time Gross Settlement) are two different types of electronic funds transfer systems in India used to move money between bank accounts. The primary difference is in their settlement methods: NEFT processes transactions in batches, while RTGS settles transactions individually in real-time. RTGS is for high-value, urgent transfers, requiring a minimum amount of ₹2 Lakh, whereas NEFT is suitable for low-value transactions with no minimum limit.
Chareges for RTGS/NEFT (Inclusive of GST)
Up to Rs 2,00,000/- Rs.10/-
Above Rs. 2,00,000 to 5,00,000/- Rs.25/-
Rs. 5,00,001 and above Rs.50/-