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This query is : Resolved 
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(Querist)
29 November 2014 Please tell me difference between NEFT and RTGS
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
29 November 2014 NEFT - National Electronic Fund Transfer

RTGS - Real Time Gross Settlement

both are fund transfer online.

RTGS will be apply for transfer of more than Rs.2 Lakhs & NEFT will apply less than Rs.2 Lakhs

NEFT will be processed batchwise by the bank and RTGS will be done transaction by transaction
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