Consumers can use RTGS to transfer funds through two ways – online internet banking and offline by visiting a bank branch.
NEFT, IMPS, and RTGS are some of the popular payment modes under Third Party Transfer that will help customer remit funds to a beneficiary.
Both RTGS and NEFT have their strengths. Let’s understand these strengths and decide which mode to use and most importantly, when.
The characteristics of NEFT can help customers in spite of the dawn of faster payment solutions like IMPS in India.