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Difference between NEFT and RTGS | What is NEFT ? What is RTGS ?


What is NEFT ?

NEFT Full Form: National Electronic Fund Transfer

What is NEFT: National Electronic Fund Transfer is the Nation wise money transferring method. This Money Transferring system is managed by Reserve Bank of India, and it is started in 2005. NEFT method is started for transfer money from NEFT enabled account to any other bank account in india. National Electronic Fund Transfer (NEFT) system is fast enough to transfer funds. it is settle payments in Half hourly batches.

What is RTGS ?

 RTGS Full Form: Real Time Gross Settlement

What is RTGS: Real Time Gross Settlement is method of transfer money from RTGS enabled Bank Account to any other indian Bank Account. This process is real time payment transferring process. this method is uses branch name, account Number and IFSC (Indian Financial System Code).

Difference Between NEFT and RTGS

Difference Between NEFT and RTGS:

Comparison CategoryNEFTRTGS
Service TimingWeekdays (12 batches)
8:00 AM – 7:00 PM

Saturdays (6 batches)
8:00 AM – 1:00 PM
9:00 AM – 4:30 PM


9:00 AM – 2:00 PM (for settlement at RBI’s end)
Maximum Transfer LimitNo LimitNo Limit
SettlementHourly BatchesReal Time
Minimum Transfer Limit1 Rs.2 Lakh Rs.
Transaction ChargesUp to Rs.10,000 is Rs.2.50
Rs.10,000 – Rs.1 lakh is Rs.5
Rs.1 lakh – Rs.2 lakh is Rs.15
Rs.2 lakh and above is Rs.25
Rs.2 lakh – Rs.5 lakh is Rs.30

Rs.5 lakh – Rs.10 lakh is Rs.55

Also, an additional amount charged from Re.1 to Rs.5 if transaction is done after 12:30 PM.
Payment OptionsOnline and OfflineOnline and Offline

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