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Differences between NEFT, RTGS & IMPS

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Akash Behl
Akash Behl

A crisp gist of differences between the Indian government's famous modes of electronic transfer of funds.

Wirtschaft & Finanzen
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Differences between NEFT, RGTS & IMPS
Parameter NEFT RTGS IMPS Full form National Electronic Fund Transfer Real -Time Gross Settlement Interbank Mobile Payment Service / Immediate Payment Service Minimum amount Re 1 2 Lac NA Maximum amount 10 Lac 10 Lac 5 Lac Weekday Timings 8 AM – 6:30 PM 9 AM – 4:30 PM 24 X 7 Saturday Timings 8 AM – 1 PM 9 AM – 1:30 PM 24 x7 Transaction speed Slow Fast Fast Transaction process Batches Real-time Real-time

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Differences between NEFT, RTGS & IMPS

  • 2. Parameter NEFT RTGS IMPS Full form National Electronic Fund Transfer Real -Time Gross Settlement Interbank Mobile Payment Service / Immediate Payment Service Minimum amount Re 1 2 Lac NA Maximum amount 10 Lac 10 Lac 5 Lac Weekday Timings 8 AM – 6:30 PM 9 AM – 4:30 PM 24 X 7 Saturday Timings 8 AM – 1 PM 9 AM – 1:30 PM 24 x7 Transaction speed Slow Fast Fast Transaction process Batches Real-time Real-time