What is NEFT, RTGS, IMPS, UPI ? | Real Difference Between Online Fund Transfer | How it Works ?

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Published by Learning Shala

Banking Mutual and Taxation

Published on 01 September, 2020
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Banking and Taxation

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Hey Guys,
In this video i'll explain you difference between NEFT, RTGS, IMPS, UPI, NPCI in HINDI Practically & working of UPI vs NEFT vs IMPS vs RTGS.
Why National Electronic Funds Transfer (NEFT) is only done on working days & why it takes time with bank charges explained.
What is RTGS (real time gross settlement) & How it is different from NEFT or IMPS.
How Immediate Payment Service (IMPS) & UPI changed the way of online fund transfer from one bank account to another bank account & What is the difference between NEFT vs RTGS vs IMPS vs Unified Payments Interface (UPI) in HINDI.
What are the advantages or disadvantages of these online net banking transfer & How the FUND physically travel from one bank account to another bank account like from SBI, ICICI, HDFC, Axis to any other bank account.

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