Online Money Transfer

What is RTGS Net Transfer?

Posted by on June 5, 2011 at 1:33 pm

RTGS is an abbreviated form of “Real Time Gross Settlement” which is a funds transfer mechanism characterised by money transfer from one bank toanother in real time and on gross basis. It is regarded as the fastest possible moneytransfer system through the banking channel. The real time refers to the payment transaction happening at that […]

What is NEFT Net Transfer?

Posted by on June 5, 2011 at 1:32 pm

NEFT is an abbreviated form of National Electronic Funds Transfer which is a nation-wide system of electronically fund transfer from any bank branch to any other bank branch in the country. It allows the fund transfer from any individual or firm to any other individual or firm across the country. In order to facilitate fund […]