IMPS is an instant interbank electronic fund transfer service available 24x7, throughout the year including Sundays and any bank holiday. ![]() READ MORE About Real-time Gross Settlement IMPS (Immediate Payment Service) Real-time gross settlement systems (RTGS) is a funds transfer system where money transfer takes place from one bank toĪnother on a "real time" basis and "gross" basis. Money transferring has become a lot easier with technology becoming a major part of our day to day lives. READ MORE About National Electronic Fund Transfer RTGS (Real-time Gross Settlement) National Electronic Fund Transfer or NEFT as it is known is a quick and fast way of transferring fundsįrom a particular bank to any other bank that is a participant in this scheme. Nowadays it’s quick, convenient and extremely easy to transfer money because technology has reached another level. ![]()
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