{
 "name": "India NEFT / RTGS / IMPS Payment Systems — Characteristics & Scale",
 "fy": "2023-24 (approximate)",
 "dashboard": "https://bankpulse.ai/dashboards/neft-rtgs-imps/",
 "source": "RBI payment-system data & NPCI statistics, rbi.org.in / npci.org.in",
 "reviewed_by": "Vikram Jain",
 "license": "https://creativecommons.org/licenses/by/4.0/",
 "updated": "2026-06-19T04:10:06+05:30",
 "dateModified": "2026-06-19T04:10:06+05:30",
 "systems": [
  {
   "system": "RTGS",
   "operator": "RBI",
   "settlement": "Real-time, gross (each transaction settled individually, instantly)",
   "availability": "24x7x365 since Dec 2020",
   "limits": "Min Rs 2 lakh; no upper limit",
   "approx_annual_volume_billion": 0.7,
   "approx_annual_value_lakh_crore": 1700.0
  },
  {
   "system": "NEFT",
   "operator": "RBI",
   "settlement": "Deferred net, settled in half-hourly batches",
   "availability": "24x7x365 since Dec 2019",
   "limits": "No minimum or maximum (banks may set limits)",
   "approx_annual_volume_billion": 7.4,
   "approx_annual_value_lakh_crore": 390.0
  },
  {
   "system": "IMPS",
   "operator": "NPCI",
   "settlement": "Immediate, real-time interbank transfer",
   "availability": "24x7x365 since launch (2010)",
   "limits": "Up to Rs 5 lakh per transaction",
   "approx_annual_volume_billion": 6.0,
   "approx_annual_value_lakh_crore": 65.0
  }
 ]
}