NEFT vs IMPS vs RTGS : Online Money Transfer Charges and Rules Explained #shorts #reels

Do you know the difference between NEFT, RTGS, and IMPS? All three are online money transfer methods in India and work 24×7. NEFT (National Electronic Funds Transfer) is the most common method. There is no maximum limit, but the transfer is settled in 30-minute batches. IMPS (Immediate Payment Service) transfers money instantly in real time. There is no waiting time, but the maximum limit is ₹5 lakh. RTGS (Real Time Gross Settlement) also transfers money instantly, but it is used only for high-value transactions. The minimum amount for RTGS is ₹2 lakh. Use NEFT for regular or scheduled payments. Use IMPS for small and urgent personal transfers. Use RTGS for urgent and high-value transfers like business or property deals. Charges: NEFT and RTGS inward transfers are free. NEFT outward charges range from ₹2.50 to ₹25. RTGS outward charges range from ₹25 to ₹50. IMPS charges depend on the bank. #reels #shots #shorts #imps #neft #rtgs #bank #indianbank #bankcharges #moneytransfer #onlinemoneytransfer #knowledge #learning