Difference Between NEFT, RTGS and IMPS

NEFT, RTGS and IMPS are online money transfer systems used in India. All three help you send money from one bank account to another safely.

1. What is NEFT?

NEFT (National Electronic Funds Transfer) is used to send money in batches. Transactions are processed in time slots.

• No minimum amount
• No maximum limit (depends on bank)
• Available 24x7
• Best for small to medium transfers

2. What is RTGS?

RTGS (Real Time Gross Settlement) transfers money instantly but is mainly used for large amounts.

• Minimum amount: ₹2,00,000
• No maximum limit (depends on bank)
• Processed in real time
• Best for high-value transfers

3. What is IMPS?

IMPS (Immediate Payment Service) allows instant money transfer anytime.

• No minimum amount
• Usually limited to ₹5,00,000 (varies by bank)
• Instant transfer
• Available 24x7 including holidays

Quick Comparison Table

Which One Should You Use?

• Use NEFT for regular payments.
• Use RTGS for large business transactions.
• Use IMPS when you need instant transfer anytime.

Important Note

All these methods require correct bank details including IFSC Code. Without correct IFSC code, money cannot reach the correct branch.

You can find correct IFSC codes on our IFSC Code Finder.

Understanding these systems helps you send money safely and confidently.

Make Every Rupee Count.

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