Difference between NEFT /  RTGS /  IMPS  ????

IMPS 

·         Immediate transfer (24 x 7)

·         Upper limit : 50k per day.  Total 2.5 lac per month.

NEFT

·         No upper limit. Transfer is not immediate.

·         Mon to Friday - 8 am to 7 pm - transfer is done in 12 batches

·         Saturdays - 8 am to 1 pm - transfer is done in 6 batches.

·         Some charges apply (maximum is Rs 25 + service tax)

RTGS

·         Meant for large transactions. Minimum amount is 2 lac. No upper limit.

·         Transfer is immediate or "real time"  during business hours. (usually  few minutes, but not necessarily in seconds)

·         Monday to Friday - 9 am to 4.30 pm

·         Saturdays - 9 am to 1 pm

·         Charges : Rs.30 below 5 lac. Or Rs 55 above 5 lac.