| Criteria | NEFT | RTGS (Retail) |
| Settlement | Done in batches (Slower) | Real time (Faster) |
| Full Form | National Electronic Fund Transfer | Real Time Gross Settlement |
| Timings on Mon – Fri | 8:00 am – 6:30 pm | 9:00 am – 4:30 pm |
| Timings on Saturday | 8:00 am – 12:30 pm | 9:00 am – 1:30 pm |
| Minimum amount of money transfer limit | No Minimum | 2 lacs |
| Maximum amount of money transfer limit | No Limit | No Limit |
| When does the Credit Happen in beneficiary account | Happens in the hourly batch Between Banks | Real time between Banks |
| Maximum Charges as per RBI | Upto 10,000 – Rs 2.5 from 10,001 – 1 lac – Rs 5 from 1 – 2 lacs – Rs 15 Above 2 lacs – Rs 25 |
Rs 25-30 (Upto 2 – 5 lacs) Rs 50-55 (Above 5 lacs) (Lower charges for first half of day) |
| Suitable for | Small Money Transfer | Large Money Transfer |
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Difference between neft and rtgs
Replies (3)
Thanks..............
Thank you for simple and concise difference.
Nicely explained in a simple way.........
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