Different between NEFT and RTGS

The acronym NEFT stands for National Electronics Funds Transfer system. In NEFT bank settle transactions in batches. This means, settlement of one transaction takes place along with all other transactions received till a particular cut-off time. NEFT settlements are done every hour in batches. That means transactions within that hour will be settled at once. The … [Read more...] about What is NEFT – National Electronics Funds Transfer