What is RTGS and how does it differ from other electronic payment methods?

RTGS (Real Time Gross Settlement) is an electronic funds transfer system used in India, allowing for realtime transfer of funds between banks. It is one of the fastest and most secure methods of transferring funds.

RTGS differs from other electronic payment methods such as NEFT and IMPS in terms of processing speed, transaction fees, and transaction limits. While NEFT transactions are typically processed in batches at fixed intervals, RTGS transactions are processed in realtime, which means that the funds are transferred immediately. RTGS also typically has higher transaction limits compared to NEFT and IMPS, making it more suitable for highvalue transactions. However, RTGS transactions also tend to have higher transaction fees compared to NEFT and IMPS.