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RTGS and NEFT payments: differences you need to know


What is difference between RTGS and NEFT payments
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A bank account is important for everyone. And in recent times, the government has been boosting up digital payments through several measures. Paving way for the growth of a cashless economy, digital money transfers quicken the settlement of payments while promoting transparency, accountability, safety and security in the nation’s financial domain. Due to their popular appeal among the public, businesses, and organizations, digital payments have grown in number. Among the different digital payment systems, RTGS and NEFT are the most popular.
Introduced by The Reserve Bank of India, these two payment systems enable the users to transfer money from one bank account to another with the same bank or with two different banks. Both RTGS and NEFT are based on different settlement concepts and serve different purposes. ....

Service Timings , Read As National Electronic Funds , Reserve Bank , Real Time Gross Settlement , National Electronic Funds Transfer , Indo Nepal Remittance Facility , சேவை நேரம் , ரெட் என தேசிய மின்னணு நிதி , இருப்பு வங்கி , ரியல் நேரம் மொத்த தீர்வு , தேசிய மின்னணு நிதி பரிமாற்றம் , இந்தோ நேபால் பணம் அனுப்புதல் வசதி ,