Question

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

06 Sep 2025
Answer :
Word Count : 348
NEFT, RTGS, and IMPS are three important electronic fund transfer systems in India that enable smooth and secure transfer of money between bank accounts. Although they serve the same purpose of transferring funds, they differ in terms of process, speed, and transaction limits. NEFT, or National Electronic Funds Transfer, is a nationwide payment system that works on a deferred settlement basis, meaning transactions are processed in batches at regular _________ ________ __________ ______ _________.
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