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What is the difference between NEFT and RTGS fund transfer 2024?

Charlotte Robinson | 2023-05-24 11:38:22 | page views：1426
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Julian Cooper

Works at the International Finance Corporation, Lives in Washington, D.C., USA.
The basic difference between them are settlement timings. RTGS is based on the gross settlement where the transaction is settled on an instruction by instruction basis. NEFT is an electronic fund transfer system that operates on a Deferred Net Settlement (DNS) basis which settles transactions in batches.
2023-05-29 11:38:22
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Emma Parker

QuesHub.com delivers expert answers and knowledge to you.
The basic difference between them are settlement timings. RTGS is based on the gross settlement where the transaction is settled on an instruction by instruction basis. NEFT is an electronic fund transfer system that operates on a Deferred Net Settlement (DNS) basis which settles transactions in batches.
What is NEFT and RTGS? Please mention the difference also? - Quora
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