What is the difference between NEFT, RTGS and IMPS?

Internet Banking includes facilities like NEFT, RTGS, IMPS etc.

  • With NEFT money is transferred withing two hours
  • RTGS is the fastest way of transmitting money. In this, funds are transferred on real time gross settlement basis.
  • IMPS-Instant interbank electronic fund transfer through mobile or online banking. In this only beneficiary’s mobile number and mobile money identifier is required.