Real Time Gross Settlement (RTGS) is an electronic form of funds transfer where the transmission takes place on a real time basis.The RTGS system is primarily meant for large value transactions.

The minimum amount to be remitted through RTGS is Rs 2 lakh and no limit of maximum transaction.RTGS transactions can be made from 10.00 am to 3.30 pm on all days.

The bank branches, both at the initiating and receiving end, have to be RTGS-enabled for the transaction to be processed. Customers with Internet banking accounts can do RTGS transactions on their own.

National Electronic Funds Transfer (NEFT) is a nation-wide payment system facilitating one-to-one funds transfer. Under this Scheme, individuals can electronically transfer funds from any bank branch to any individual having an account with any other bank branch in the country participating in the Scheme.

There is no limit on the amount of funds that could be transferred using NEFT.However, maximum amount per transaction is limited to Rs. 2,00,000 .

NEFT is a facility enabling bank customers in India to transfer funds between any two NEFT-enabled bank accounts on a one-to-one basis. It is done via electronic messages.