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RE: What is RTGS & NEFT?

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What is RTGS & NEFT?

Megrisoft Financial Consultant Asked on January 20, 2015 in Banking Services.
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RTGS  refers to Real Time Gross Statement , it can be defined as the continuous (real-time) settlement of funds individually on an order by order basis (without netting).
NEFT refers to National Electronic Fund Transfer.

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MiniGupta Trainee Answered on February 21, 2015.
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