What is the difference between IMPS and NEFT?

Q. What is the difference between IMPS and NEFT?
Answer: IMPS is available 24*7 whereas NEFT is available during NEFT business hours
Notes: IMPS is managed by NPCI whereas NEFT is managed by RBI. IMPS is available 24*7 whereas NEFT is available during NEFT business hours. IMPS is a real time transfer system whereas NEFT is not.

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