RTGS is based on gross settlement, NEFT is based on net-settlement. Gross settlement is where a transaction is completed on a one-to-one basis without bunching with other transactions. On the other hand a Deferred Net Basis (DNS), or net-settlement means that the transactions are completed in batches at specific times. Here, all transfers will be held up until a specific time. RTGS transactions are processed throughout the working hours of the system.
RTGS transactions involve large amounts of cash, basically only funds above Rs 200,000 may be transferred using this system. For NEFT, any amount below Rs 200,000 may be transferred, and this system is generally for smaller value transactions involving smaller amounts of money.
The Real Time Gross Settlement (RTGS) is a funds transfer system where money is moved from one bank to another in ‘real-time’, and on gross basis.
Available Money Transfer & D.D facility in low comission.
Gold Loan & Gold purchasing loan facility available.
Audit Class ‘A’ organisation.
R.T.G.S facility available.
Deposit Locker facility available in main branch.
Savings account daily interest.
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