Should i use rtgs or neft

You may go for NEFT as the mode of fund transfer if you have to transfer a small amount and there is no urgency for the completion of the transaction. Alternatively, if you wish to transfer a huge amount of money and on an immediate basis, then RTGS should be your preferred mode of fund transfer. Irrespective of whichever method you choose, it is important to note that both these methods are equally safe and secure and are governed by the Reserve Bank of India.

NEFT transactions cannot be performed on Sundays. However, starting January , NEFT transactions can be performed at any time, on any day and from anywhere. There is no limit on the minimum amount or maximum amount that can be transferred via NEFT.

However, if you make NEFT transactions through cash, then the maximum amount that you can transfer is Rs. The timings during which you can perform RTGS transactions vary from bank to bank.

It is, therefore, advised that you get in touch with your respective bank to find out the exact RTGS timings. With a view to rationalize the service charges levied by banks for offering fund transfer through RTGS system, a broad framework of charges have been mandated as follows:.

Please check with your bank or PPI. It would be great if you can explain how the UPI transfers also work and if any other type of payments that are available. Keep it up. Thanks again. Even though I am a graminbank officer I learn the Main, differences of 3 remitting procedures of cash. Thanks for your valuable information.

Learn More. Articles 4 min read 51 comments. Advantages and benefits of online money transfer services Online fund transfers are reliable, fast, and convenient. Still having trouble completing vendor payments? Related Posts None found.

Ashika R. Cancel reply. Thank u Ashika, cleared all my doubts…. Excellent article. Well explained. Thank you bro….. Thank u sir.. Nicely framed Ashika. Very important information, nicely explained. Thank you. This is just awesome. I have always wondered whats the difference.

Thanks for this info,. Thankyou Ashika Very helpful Article. One factor is missing though — cost of transfer. Comments, please. With a view to rationalize the service charges levied by banks for offering fund transfer through RTGS system, a broad framework of charges have been mandated as follows: Inward transactions — Free, no charge to be levied.

Very well explained! Clearly explained. Are upi payments coming under IMPS. Texts are so good and ideology….. Dr G A Naidu. Both the systems are very useful and time saving. Manish sharma. Bittu Ahmad Siddique. Very useful information about account work. BC Srivastava. Very good. Very informative. Sanjay S. Balaji Kamble. Very nice. Lot informative. Ankit Garg. Excellent Description.

Ek dum mast Dattu koli. Muhammad Ajmal. Have any certification in Tax, Acounts,Finance in Pakistan. Aparna chanani. Too good,now my doubt is clear,thanq. Very Usefull information for all. Pramod Gupta. Information is good and elaborate. This is very useful information. Good Informations. Mohd Rafique. Very useful. Thanks for the above details. Bangaru Krishna Reddy. Thank u it,s very clear like a crystal. M Sambasiva Rao.

MaHeSh Raj. Useful information to "Improved Knowledge". Kuldeep Singh. Shivanand Biradar. I understood clearly. Bhavesh Rathod. Excellent coverage of information. Debayan Pan. Really very useful information. Very useful information Very satisfaing information. Thank you. Very Clear report and it is marvellous. Priya Gurbani.

Definitely very useful, has helped me a lot. Saurav upta. Very good info. Satish Tendulkar. Thanks a ton for sharing the info! Anaparthi Srinivas. Subhash Singh. Such Information is very helpful and user friendly. Hi, I want to transfer 1,83, to a bank.

Narayan Behera. It is a good information for all people. Comprehensive and exhaustive article. Veena Srinivasa. Very good information-Thanks. Thanks, Excellent information. Brijesh kumar. Thanks a lot for this very useful information. Thanks a lot! Very very useful information. Nagaraj Hadapad. Thanks for the good information and its very easy to understand. Margaret Lobo. Clear and useful information. DR Choudari. Very good informationthanks. Useful informatiom. Very nice and easy to understable information.

Bikky Agarwal. Excellent Information. Avadesh agarwal. Anupam RAJ. Very excellent information. Janki prasad vishwakarma. Deepak kumar. It is very useful information, thanks a lot. Useful Info, thanks for the above details. Card payments. Devansh Mody. Fully satisfied information Very Good information. Its very useful information for us thank you so much. Good Information. Very Clear and useful information.

Rajesh Vishwkarma. Raymond Dosion. Dr Ray. SARA Gebeyehu. Dr Mark Alex. Dimitrij Conradi. May Gary.