Question: what is the difference between neft and instant transfer?
Answer: 1) Time Taken to transfer Money: In IMPS, amount is transferred instantly, while NEFT takes around 1Hour - 1 Day. 2) Service Availablity: IMPS is available at any time and any day of the year, ie 24*7 while NEFT is available only on working RBI days from 8AM to 6:30 PM.