Electronic money transfer systems, such as IMPS, RTGS, and NEFT, are utilised to make payments. Through Immediate Payment Service (IMPS), you can transfer funds instantly between bank accounts via bank branch mode. RTGS, or Real Time Gross Settlement, is a large-value transaction settlement system in which payments are paid individually and in real-time. NEFT, or National Electronic Payments Transfer, is a mechanism for electronically transferring payments between bank accounts that operates in batches and settles transactions daily. These mechanisms enhance the convenience and speed of electronic payments.