Can some body explain about NEFT and RTGS
I want to know when to use NEFT and when to use RTGS,
If both serves same purpose which is best?
If both serves same purpose which is best?
Replies
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csiscoolWe were in dilema while we wanted to use the online banking..
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tusharw15NEFT is used for xfers less than 1 Lakh and there is no transaction charges.
If you wish to xfer amount which is more than 1 lakh then you need to use RTGS. The payment goes for through the RBI scanner and there are some charges for using RTGS.
Hope I have answered your query.
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