Welcome to the official blog of AIPSA. This blog is meant for use by members of All India Postal Stenographers' Association

Blog maintained by : P. R. Nair, Private Secretary to Post Master General, (Retired) Northern Region, Calicut, Kerala Circle (email-parambilmohan@gmail.com)

Saturday, December 31, 2016

Difference between NEFT / RTGS / IMPS



IMPS 

  • Immediate transfer (24 x 7)
  • Upper limit : 50k per day. Total 2.5 lac per month.

NEFT

  • No upper limit. Transfer is not immediate.
  • Mon to Friday - 8 am to 7 pm - transfer is done in 12 batches
  • Saturdays - 8 am to 1 pm - transfer is done in 6 batches.
  • Some charges apply (maximum is Rs 25 + service tax)

RTGS

  • Meant for large transactions. Minimum amount is 2 lac. No upper limit.
  • Transfer is immediate or "real time" during business hours. (usually few minutes, but not necessarily in seconds)
  • Monday to Friday - 9 am to 4.30 pm
  • Saturdays - 9 am to 1 pm
  • Charges : Rs.30 below 5 lac. Or Rs 55 above 5 lac.

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