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NEFT AND RTGS

NEFT and RTGS are the two convenient modes of money transfer between banks. Both modes are advantages making the easiest service available in service sector industry across globe.

Real Time Gross Settlement [RTGS]

RTGS means online money transfer mechanism which transfers money from one bank to another on a real time basis in RTGS working hours. It will be processed at the same time, and will be processed individual transaction and hit the account within two hours. RTGS working hours are in week days 9.00 am to 4.30 pm and Saturday 9.00 am to 1.30 pm. More >>>>>>


NATIONAL ELECTRONIC FUNDS TRANSFER [NEFT]
Kuwait Visa Procedures

National Electronic Funds Transfer [NEFT]

NEFT stands for National electronic funds transfer system take place within the same day if it is within the cut off time and the next day if it is beyond the cut-off time prescribed.  NEFT operates in hourly batches - there are eleven settlements from 9 am to 7 pm on week days and five settlements from 9 am to 1 pm on Saturdays.  Any transaction initiated after a designated settlement time would have to wait till the next designated settlement time. More >>>>>>

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NEFT & RTGS , Real time Gross Settlement, National Electronic Funds Transfer, Difference between NEFT and RTGS.



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