![]() NEFT and RTGS can both be used for electronic fund transfer, but there are some specific differences. It’s just like RTGS in the sense that you can use it for instant payments. National Electronic Funds Transfer is a nation-wide payment system that lets you transfer funds from one bank account to another. ![]() RTGS systems are primarily used for high-value transactions that need to be settled immediately. ![]() RTGS stands for real-time gross settlement that enables banks to transfer money or securities from one bank to another on a real time basis. As the name defines, RTGS settles fund transfers continuously on an order-by-order basis. RTGS is an acronym stands for Real Time Gross Settlement. You can download the Bank of India RTGS/NEFT Form PDF for free using the direct download link given at the bottom of this article. Download Bank of India RTGS/NEFT Form PDF
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