Answer / kailash

RTGS = Real Time Gross Settelment.
NEFT = National Electronic Fund Transfered (for below 2
Lakh)

Answer / sajjad rehman

RTGS stand for real Time Gross Settlement its mean transfer of fund in real time and in Gross settlement in this system funds are transfer instantly approx within 2 Hrs to beneficiary's bank account, which is more then 2 Lake,

NEFT stand for National Electronic Fund Transfer in this system funds are transfer in net settlement, its take more time and transferable less then 2 Lakes.this method is mostly adopt by Small Enterprises.

Some bank have this facilities but not all.

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