NEFT (National Electronic Funds Transfer) and RTGS (Real-Time Gross Settlement) are RBI-regulated, 24/7 electronic payment systems in India.
NEFT processes transactions in half-hourly batches, making it ideal for small, non-urgent transfers. RTGS provides immediate, individual settlement, suited for high-value transactions (minimum ₹2 lakh).

Features

• Settlement Speed: NEFT is processed in batches (typically within 30 minutes to 2 hours). RTGS is processed in real-time, meaning the beneficiary receives funds immediately.
• Transaction Limits: NEFT has no minimum or maximum limit. RTGS requires a minimum transfer of ₹2 lakh, with no maximum cap.
• Best Use Case: NEFT is ideal for general, smaller, or non-urgent transfers. RTGS is designed for urgent, high-value, or critical business transactions.
• Fees & Charges: NEFT generally has lower fees (up to ₹25 + GST). RTGS fees can be higher, ranging up to ₹50 + GST for amounts above ₹5 lakhs.
• Availability: Both operate 24x7x365.