Regulated by the Reserve Bank of India, NEFT or National Electronic Funds Transfer is an electronic method of transferring money online. This blog focuses on the differences between NEFT vs RTGS as modes of fund transfer and explains which one you should choose and why! Understanding NEFT- National Electronics Funds Transfer Both these methods have their own advantages and disadvantages and are suitable for all users, depending upon their requirements. NEFT and RTGS are two of the many methods of fund transfer available to the users. Users can choose any one of the various modes of payment depending upon the amount to be transferred, the time duration in which it should be credited to the receiver’s bank account, etc. With the introduction of online modes of payment, and increased technical usage among the users, transferring funds from one bank account to another has become almost like a piece of cake.
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