Monday, January 30, 2017
Difference between NEFT RTGS IMPS
Difference between NEFT RTGS IMPS
IMPS
- Immediate transfer (24 x 7)
- Upper limit : 50k per day. Total 2.5 lac per month.
NEFT
- No upper limit. Transfer is not immediate.
- Mon to Friday - 8 am to 7 pm - transfer is done in 12 batches
- Saturdays - 8 am to 1 pm - transfer is done in 6 batches.
- Some charges apply (maximum is Rs 25 + service tax)
RTGS
- Meant for large transactions. Minimum amount is 2 lac. No upper limit.
- Transfer is immediate or "real time" during business hours. (usually few minutes, but not necessarily in seconds)
- Monday to Friday - 9 am to 4.30 pm
- Saturdays - 9 am to 1 pm
- Charges : Rs.30 below 5 lac. Or Rs 55 above 5 lac.
Available link for download
