Which is best among RTGS & NEFT to transfer amount <100000 via netbanking?

If it is %26lt;100000. NEFT would be best.|||RTGS (Real Time Gross Settlement)


It means the funds will be credited immediately to the payee account in real time. No delays. The minimum amount to send is Rs 1 lac. Not all banks are RTGS enabled. You should inquire with your bank.





NEFT Transfer


EFT or NEFT (National Electronic Funds transfer) is basically bit delayed transfer takes 1 or 2 days to complete. There is no minimum or maximum limit to do the funds transfer. The settlement takes place 6 times a day and 3 times on saturdays.





In your case it has to be transferred by NEFT only, no other option as the fund value to be transferred is less than one lac|||if you can, go to your bank,


they will do the transfer as may be practical.


if funds are to be transferred to another branch of same bank,


it is done instantaneously - provided receiving branch is connected to the bank network.(all rural branches may not be connected).


NEFT transfers are implemented in batches.i think three times a day.


if you are trying to do so on your own,some banks insist for registration and validation,before any net-banking transactions are made.|||When you use netbanking, amounts greater than or equal to 2 lakh can be transferred using RTGS. The others need to be transferred using NEFT.





So for your amount of %26lt; 1 lakh, you need to use NEFT.|||The minimum amount to be remitted through RTGS is Rs.1 lakh.





So NEFT is the best way.