RTGS V/S NEFT

hi freinds I just want 2 share the difference between one of the most common method for transfer of funds electronically.

                                               RTGS V/S NEFT

RTGS is  Real Time Gross Settlement, while NEFT is National Electronic Funds Transfer.

RTGS completes transactions in real-time, and is therefore faster than NEFT, which completes transactions in cycles.

RTGS is gross settlement, where a transfer is completed on a one-to-one basis, while NEFT is on a Deferred Net Basis, where transfers are bundled and deferred for a specific time.

RTGS is a high value transfer system, handling funds worth Rs 100,000 and above, while NEFT transfers smaller amounts below Rs 100,000.