The document outlines the differences between NEFT, RTGS, and IMPS payment systems in India. NEFT is available during specified timings and processes transactions in batches, while RTGS operates in real-time with a higher minimum limit. IMPS allows for 24/7 transactions with immediate payment but has a lower maximum amount.

1. Differences between NEFT, RGTS
& IMPS

2. Parameter NEFT RTGS IMPS
Full form National Electronic
Fund Transfer
Real -Time Gross
Settlement
Interbank Mobile
Payment Service /
Immediate Payment
Service
Minimum amount Re 1 2 Lac NA
Maximum amount 10 Lac 10 Lac 5 Lac
Weekday Timings 8 AM – 6:30 PM 9 AM – 4:30 PM 24 X 7
Saturday Timings 8 AM – 1 PM 9 AM – 1:30 PM 24 x7
Transaction speed Slow Fast Fast
Transaction process Batches Real-time Real-time