Payments Basic

In the IMPS Fund Transfer system, you can send money to a person on the basis of his/her mobile number and MMID. The Mobile number and MMID can be used in the place of Account number and IFSC code. The MMID  is a seven digit number of which the first four digits are the unique […]

This post of upipayments.co.in tells you what a payment gateway is and how it works. You would also learn about the main features of the payment gateways. I would also answer some of your important questions. What is a Payment Gateway A payment gateway is an application used for the online payments. It facilitates and […]

SBI (State bank of India) gives the fund transfer facility through IMPS, NEFT and RTGS. SBI charges differently for these services. Even you are not required to pay any charge in some cases. Each fund transfer mode has some benefits. So on the basis of charges, we can’t say that a particular fund transfer platform […]

Recently, SBI has reduced the ATM withdrawal Limit. From 31 October 2018, you would be able to withdraw only ₹20,000 in a day from the ATM. Earlier, you could withdraw up to ₹40,000 in a day. This would be the least withdrawal limit among top banks of India. Even the Government banks such as PNB and […]

This question bothers most IMPS users that how much can money can they transfer in one go with IMPS. What are the IMPS limits in SBI, ICICI Bank, HDFC Bank or other banks? Unlike NEFT, NPCI does have a limit on IMPS transactions. And here, I am going to tell you all about the IMPS […]

The SBI has reduced the charges for IMPS fund transfer but other banks are still charging the high fees. Bank of Baroda is the only bank which does not charge for IMPS fund transfer. In this post, I have told the IMPS charges of 7 banks. I have covered only the big government and Private […]

NEFT and RTGS are the two older ways of fund transfer. These are still used Because It gives some exclusive benefits. But in this post, I would discuss the difference between the NEFT and RTGS. You would learn the different usage of these two methods of payment. I hope, after reading this post you would […]

Today there are many ways to transfer the fund. Each has its merits and demerits. But, the fund transfer limit is the first thing which comes to your mind when you choose a money transfer system. In this post, I would tell you the fund transfer limits of NEFT, RTGS, IMPS and UPI. Fund Transfer […]

Recently the charges of NEFT and RTGS transactions are coming down. Banks are now taking less charge than the RBI schedule. It is happening because another fund transfer method, the UPI or unified Payment interface, is totally free. However, the UPI has an upper limit of fund transfer. Thus sometimes, you have to use the […]

NEFT and RTGS are the fund transfer mechanism. The reserve bank of India manages it. Almost every bank uses this method of fund transfer. The introduction of these two methods has eased the fund transfer. Banks provide NEFT and RTGS facility online and offline as well. For the Offline transaction, you have to visit the […]