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2014

Understanding RTGS & NEFT

The fundamental difference between RGS and NEFT, is that while RTGS is based on gross settlement, NEFT is based on net-settlement. Gross settlement is where a transaction is completed on a one-to-one basis without bunching with other transactions. As for a deferred Net Basis ( DNS ), or net-settlement, this is where transactions are completed in batches at specific times. Here, all transfers will be held up until a specific time. RTGS transactions are processed throughout the working hours of the system.


attachmentUnderstanding RTGS & NEFT

Financial Management