What is the difference between NEFT, RTGS, and IMPS?

Question

21 Feb 2025

Answer :

Word Count : 287

NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), and IMPS (Immediate Payment Service) are all electronic modes of transferring funds between banks in India. While all three serve the purpose of enabling secure money transfers, there are key differences between them in terms of speed, transaction limits, and operational processes.

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