RTGS
(Real-Time Gross Settlement)
RTGS is an electronic fund transfer system where money is transferred in real time and on a gross basis (one-to-one, not batched)
Features
- Minimum amount: ₹2,00,000 (no upper limit)
- Transfer speed: Instant (real-time processing)
- Settlement type: Individual transaction (no batching)
- Best for: High-value transactions
- Safety: Highly secure and regulated by RBI
NEFT
(National Electronic Funds Transfer)
NEFT is an electronic payment system that transfers funds in batches at regular intervals
Features
- Minimum amount: No minimum limit
- Transfer speed: Usually within 30 minutes to a few hours
- Settlement type: Batch-wise processing
- Best for: Small to medium transactions, routine payments