RTGS (Real Time Gross Settlement) :

This is a system where the processing of funds transfer instructions takes place at the time they are received (real time). Also the settlement of funds transfer instructions occurs individually on an instruction by instruction basis (gross settlement). RTGS is the fastest possible interbank money transfer facility available through secure banking channels in India.

NEFT (National Electronic Fund Transfer) :

This system of fund transfer operates on a Deferred Net Settlement basis. Fund transfer transactions are settled in batches as compared to the continuous, individual settlement in RTGS.

S.No. Details of Service Time Transaction Amount Charges:
1. RTGS 10 AM
15.30 PM
Above Rs. 2 lacs
Rs. 5 Lacs
Above Rs. 5 Lacs
2. NEFT 10 AM
17.00 PM
Up to Rs. 1 Lacs
Above Rs. 1.00 Lacs to Rs. 2.00 Lacs