RTGS allows for high-value, real-time fund transfers of a minimum Rs. 2 lakh amount individually, providing urgent same-day settlement. NEFT is a nationwide system for one-to-one fund transfers of amounts up to Rs. 10 lacs processed in batches throughout the day at slower speeds than RTGS. The key differences are that RTGS supports higher minimum amounts for urgent real-time settlement, while NEFT allows for lower value fund transfers processed in batches at slower speeds.

1. Differences between NEFT&RGTS
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Presented To :-
Sir Sarvan Presented By :-
Chirag Kalal

2. INTRODUCTION
 It’s 2015 and we are surrounded by technology. It has made a difference to
almost every aspect of our life, simplifying it in more ways than we can
imagine. Money transfer is no exception.
 The process of online money transfer has been revolutionized in India by
the introduction of the NEFT (National Electronic Fund Transfer) system
and the RTGS (Real Time Gross Settlement) system of online payment.
Introduced by the RBI, the NEFT and RTGS systems have greatly facilitated
safe, quick and easy transfer of money online.
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3. RTGS
 • The full form of RTGS is "Real Time Gross Settlement". RTGS can be
defined as "the continuous (real-time) settlement of funds transfers
individually on an order by order basis (without netting)“
 • In India, transfer of funds with RTGS is done for high value transactions,
the minimum amount being Rs.2 lakh.
 • In some countries the RTGS systems may be the only way to get same
day cleared funds and so may be used when payments need to be settled
urgently
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4. NEFT
 National Electronic Funds Transfer (NEFT) is a nation-wide payment
system facilitating one-to-one funds transfer .
 Under this Scheme, individuals can electronically transfer funds from any
bank branch to any individual having an account with any other bank
branch in the country participating in the Scheme.
 NEFT/RTGS provide flexibility and convenience to departments and its
stakeholders and it should definitely be one of the payment options.
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5. COMPARISON BETWEEN RTGS & NEFT
Parameter NEFT RTGS
Full form National Electronic Fund Transfer Real -Time Gross Settlement
Minimum amount Re 1 2 Lac
Maximum amount 10 Lac 10 Lac
Weekday Timings 8 AM – 6:30 PM 9 AM – 7:30 PM
Saturday Timings 8 AM – 4:30 PM 9 AM – 1:00 PM
Transaction speed Slow Fast
Transaction process Batches Real-time
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