What is the difference between NEFT and RTGS?

by Admin

Posted on Jul 25, 2020

NEFT stands for National Electronic Fund Transfer that is a nation-wide payments system that facilitates to transfer funds from one bank’s account to another. individual/firm/corporate can electronically fund transfer from one NEFT enabled account to another NEFT enabled account under this scheme and where RTGS stands for Real Time Gross Settlement that is a real-time fund transfer method in which transaction is not subject to any waiting period.

There are a few differences in both methods.

Basic Comparison 



Minimum Transfer Value 

1 Re. 

2 Lack Rs. 


No Limit 

No Limit 

Payment Mode 

Online and Offline 

Online and Offline 

Settlement Time 

Hourly Basis 

Real Time 

Service Time 


8 AM to 6 PM for working days