Cashfree explains NEFT, RTGS and IMPS: how they differ on speed, limits and settlement

RTGS is meant for payments of Rs 2 lakh and above, according to Cashfree's explainer on India's three bank transfer systems. IMPS, built by NPCI, credits instantly, 24x7 including holidays. NEFT, regulated by the Reserve Bank of India, settles in half-hourly batches round the clock. NEFT has no upper cap, while banks may set IMPS limits below ₹5L and charge nominal fees on large transfers.

Source: Cashfree Payments Blog ↗

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