NEFT and RTGS

There are several investors who do money transfer electronically from one bank to another bank using NEFT and RTGS. But still some don’t know the difference between these two. NEFT is done in batches. RTGS is done instantly. Money reaches the destination bank at the same instant you complete the transaction. The destination bank takes maximum about 2 hours to credit the beneficiary account. This is the fastest of all electronic services.

For more information, technical differences, charges etc, read this article:
http://www.jagoinvestor.com/2012/09/neft-and-rtgs-transfer-charges.html

 

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