Difference Between NEFT, RTGS, and IMPS: Complete Guide for 2025
In today’s fast-paced world, transferring money online is not just a convenience — it’s a necessity. But with various options like NEFT, RTGS, and IMPS, many people get confused. This guide breaks down the difference between NEFT, RTGS, and IMPS, helping you choose the right method every time.
💡 What is NEFT?
NEFT stands for National Electronic Funds Transfer.
✔ Key Features:
Fund transfer system maintained by RBI
Works on a half-hourly batch system
No minimum amount required
Widely used for transferring funds to any bank in India
🕒 NEFT Timings (2025):
Available 24×7 including weekends and bank holidays
💰 NEFT Limits:
No minimum or maximum limit
Used for small to medium transactions
💡 What is RTGS?
RTGS stands for Real-Time Gross Settlement.
✔ Key Features:
Transfers money instantly and individually
Best for large-value transactions
Payments are final and irrevocable
🕒 RTGS Timings (2025):
Available 24×7, including holidays
💰 RTGS Limits:
Minimum: ₹2,00,000
No upper limit
💡 What is IMPS?
IMPS stands for Immediate Payment Service.
✔ Key Features:
Instant fund transfer
Available 24/7/365
Works via mobile, ATM, net banking, and UPI
💰 IMPS Limits:
Minimum: ₹1
Maximum: ₹5,00,000 (varies by bank)
📊 NEFT vs RTGS vs IMPS: Comparison Table
Feature
NEFT
RTGS
IMPS
Full Form
National Electronic Funds Transfer
Real-Time Gross Settlement
Immediate Payment Service
Mode
Batch-wise
Real-time
Instant
Timings (2025)
24×7
24×7
24×7
Minimum Amount
₹1
₹2,00,000
₹1
Maximum Amount
No limit
No limit
₹5,00,000
Settlement Time
30 minutes to 2 hours
Instant
Instant
Best For
Medium transactions
Large transactions
Small to medium transactions
Charges (2025)
Mostly free
Mostly free
Nominal fee (₹2-₹10)
🏦 When to Use NEFT, RTGS, or IMPS?
✅ Use NEFT for routine payments like rent, tuition, salaries
✅ Use RTGS for large business or real estate payments
✅ Use IMPS for quick money transfers to friends/family anytime
🧾 How to Use These Services?
📱 Mobile/Net Banking:
Login to your banking app or website
Select Funds Transfer
Choose NEFT, RTGS, or IMPS
Enter recipient details (Name, IFSC, Account number)
Enter amount and remarks
Confirm and proceed
🏦 Branch Transfer:
Visit your bank’s branch
Fill NEFT/RTGS form
Submit with cash or cheque
Bank staff will process the transaction
🔐 Security of NEFT, RTGS, IMPS
All three modes are highly secure
Transactions are regulated by Reserve Bank of India (RBI)
Use two-factor authentication during online transfers
Ensure you enter correct IFSC and account number
🧠 FAQs About NEFT, RTGS, and IMPS
Q1. Is IMPS better than NEFT?
IMPS is faster and works 24/7. NEFT is great for scheduled, less urgent payments.
Q2. Can I transfer ₹10 lakh via IMPS?
No. IMPS usually has a ₹5 lakh limit. Use RTGS for large amounts.
Q3. Is there any fee for NEFT or RTGS?
Most banks in India offer free NEFT and RTGS for savings account holders.
Q4. What if I transfer money to the wrong account?
Immediately contact your bank. RBI guidelines allow reversal under certain conditions.
✅ Final Thoughts
Choosing between NEFT, RTGS, and IMPS depends on your need, transaction amount, and urgency. All three methods are safe, efficient, and regulated by RBI. In 2025, digital banking has made fund transfers more accessible than ever.
Knowing the difference between NEFT, RTGS, and IMPS not only saves time but also ensures your money reaches the right person, at the right time.
