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General

What is IMPS: How to Transfer Funds Using IMPS?

Posted on Monday, May 27th, 2024 | By

Transfer Funds Using IMPS

In today’s fast-paced digital world, the convenience of instant fund transfers has become a necessity for individuals and businesses. Immediate Payment Service (IMPS) has emerged as a reliable and efficient option among the various available methods. IMPS offers a seamless way to transfer funds instantly, enabling users to send and receive money with ease. In…

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Tags : General

Understanding RTGS and Its Importance in Banking

Posted on Monday, May 20th, 2024 | By

The need for a secure and efficient payment settlement mechanism in India led to the introduction of real-time settlement – RTGS. This fund transfer option has become a cornerstone of modern banking over time. RTGS system helps to facilitate time-sensitive, large-value payments instantaneously.  The full form of RTGS is Real-Time Gross Settlement. It is a…

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What is NEFT? A Complete Guide

Posted on Monday, May 20th, 2024 | By

Imagine this: you are on your way to the office on the train, and you realise that you must pay the maintenance bill by the end of the day. Instead of panicking, you can take out your phone and pay with the help of online banking. Mobile banking apps provide the same services as regular…

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Tags : General

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