Real Time Gross Settlement (RTGS) is the continuous process of settling money or securities from one bank to another on a real time and on gross basis.
National Electronic Funds Transfer (NEFT) is an Electronic Funds Transfer system that is based on Deferred Net Settlement (DNS) which settles transaction in batches, maintained by the Reserve Bank of India (RBI).
RTGS : (Real Time Gross Settlement)
Fund transfer within minutes
Charges applicable in branch banking
No charges through E-Banking
NEFT : (National Electronic Funds Transfer System )
