In India NEFT transfer changed the way money is transferred but it was batch. Now this one allows you to transfer the money in real-time. The NEFT system now has become a system in which details of target account is check like name and account number and branch code. In IMPS that check not done but transfer is real-time so most people does not even need exchange account number just MMID and Mobile number and you are set.I generally transfer Rs.1 and check if it is transferred to right account and then transfer confidently.