What is NEFT, RTGS, IMPS and difference between them?

What is NEFT, RTGS, IMPS and difference between them?

NEFT, RTGS and IMPS: The introduction of various payment systems in India has made money transfer easy. Today it has become very easy to transfer money from one place to another. Your money travels from one place to another in a matter of seconds. There are many systems for sending and receiving money in banks, on the basis of which money is sent from one place to another. If you are a bank account holder or you use Net Banking then you must have heard about IMPS, NEFT and RTGS. And unless you know what is NEFT, RTGS and IMPS, and what is the difference between them, you may have trouble using them. Today in this post you will know what is NEFT?, What is RTGS?, What is IMPS? And what are the differences between them. So let's first know about IMPS. What is IMPS? The full form of IMPS is Immediate Payment Service. IMPS is a type of banking payment service. Under the service provided by this, you can send money to any bank account holder's account. Apart from this type of service, …