NEFT, RTGS & IMPS

India's three main electronic fund-transfer systems, differing by speed and value limits.

NEFT (National Electronic Funds Transfer) settles transfers in batches; RTGS (Real-Time Gross Settlement) settles high-value transfers (₹2 lakh+) individually and in real time; IMPS (Immediate Payment Service) offers instant 24×7 transfers for smaller amounts. All are common questions in banking-awareness sections.