Management Services

Paymitra NEFT/RTGS / IMPS /UPI

The real-time gross settlement (RTGS) system is meant for large-value instantaneous fund transfers, while the national electronic funds transfer (NEFT) system is used for fund transfers of up to Rs 2 lakh. ... Currently, the RBI "levies minimum charges" on banks for transactions routed through its RTGS and NEFT system.

Immediate Payment Service is an instant payment inter-bank electronic funds transfer system in India. IMPS offers an inter-bank electronic fund transfer service through mobile phones. Unlike RTGS, the service is available 24x7 throughout the year including bank holidays. NEFT is also made available 24x7 from Dec 2019.