Showing posts with label imps. Show all posts
Showing posts with label imps. Show all posts
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.
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