Introduction Mrs Lohia runs a home-based bakery and believes that inter-bank transfer can be an extremely useful and convenient service. It would enable her to pay for her supplies as well as receive payments from her clients. But Mrs Lohia has not been able to… Read More »Which Is Better: NEFT Or RTGS?
UPI is an instant real-time payment system that allows you to send money instantly from one bank account to another. UPI works as an alternative payment method to IMPS/NEFT. The secure transfer of funds through UPI requires you to create a UPI ID and a… Read More »What is UPI PIN
UPI ID, also known as Unified Payment Interface ID, is a unique identifier used in the UPI system for facilitating digital transactions. It acts as an identification address for users to send and receive money seamlessly. The UPI ID is linked to your bank account,… Read More »What Is UPI ID
National Electronic Funds Transfer or NEFT is a nationwide payments system that allows transfer of funds from one bank’s account to another. With an increased focus on online banking, NEFT has become one of the most popular ways of transferring funds. Since it can electronically… Read More »NEFT Transfer: Step to Step
RTGS stands for Real Time Gross Settlement. It is a money transfer system that allows the transfer of funds from one bank account to another in real-time and on a gross settlement basis. The term, ‘real-time’ implies that transactions through RTGS are processed right when… Read More »What Is RTGS
The Unified Payments Interface (UPI) is a system that integrates various bank accounts, smooth fund routing, and merchant payments into a single mobile application. This technology is gaining popularity these days. The UPI system is straightforward, cost-free, and immediate. You may conduct transactions with UPI… Read More »How to Use UPI to Transfer Money
There are numerous ways of transferring money from one bank account to account. With the increasing technology, online money transfer has become the easiest way of transferring money from one bank to another without any difficulty. Money transfer basically refers to the electronic transfer of… Read More »Online Money Transfer Methods in India