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Q.

What is the difference between RTGS & NEFT

Tags: education, science, computers & internet
Asked by Gajendra Solanki, 16 Sep '11 11:19 am
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Answers (2)

1.

RTGS stands for Real Time Gross Settlement, while
NEFT refers to National Electronic Funds Transfer.

Both are the system in which fund is transfered from one financial institution to another just the difference is in RTGS the paymnt system is completed as soon as the processing is done....while in NEFT is bit time consuming
Answered by sumit goyal, 16 Sep '11 11:29 am

 
  
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2.

RTGS transactions involve large amounts of cash, basically only funds above Rs 100,000 may be transferred using this system. For NEFT, any amount below Rs 100,000 may be transferred, and this system is generally for smaller value transactions involving smaller amounts of money
Answered by jasmine, 16 Sep '11 11:25 am

 
  
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