Sending money electronically in India can happen four ways — NEFT, RTGS, IMPS and UPI. Each has different speed, limits and ideal use cases.
This guide compares them so you choose the right rail for each payment.
What is NEFT vs RTGS vs IMPS vs UPI?
NEFT settles near-real-time with no amount limits; RTGS is for high-value transfers (₹2 lakh and above) settled instantly; IMPS is an instant 24x7 service; UPI is instant, app-based and ideal for small everyday payments.
All four are now largely available 24x7.
| NEFT | Any amount; near real-time; 24x7 |
|---|---|
| RTGS | ₹2 lakh and above; instant; 24x7 |
| IMPS | Instant; smaller-value; 24x7 |
| UPI | Instant; app-based; everyday payments |
Frequently asked questions
Which is best for a high-value transfer?
RTGS, designed for amounts of ₹2 lakh and above with instant settlement.
What is the difference between IMPS and UPI?
Both are instant; IMPS uses account number and IFSC, while UPI uses a linked virtual payment address in an app.