What is NEFT and RTGS Please mention the difference?

Question

NEFT stands for National Electronic Funds Transfer and RTGS stands for Real-Time Gross Settlement. NEFT transfers funds in timed batches, while RTGS and IMPS...

Rajat Rajput · Accepted Answer

NEFT stands for National Electronic Funds Transfer and RTGS stands forReal-Time Gross Settlement.NEFT transfers funds in timed batches, while RTGS and IMPS are real-time transfer modes.