IMPS – Meaning, Fund Transfer Limit, Timing and Charges.

The Immediate Payment Service (IMPS), which allows account holders to connect a bank account and transfer funds via mobile phones 24x7x365. Since February 2012, about 15 banks have made the…

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RTGS – Meaning, Timing, Limit and Charges for RTGS Fund Transfer.

Table of Contents What is RTGS? The term “Real-time Gross Settlement” or RTGS refers to a particular type of fund transferring system to transfer money from one bank to another bank…

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Merchant Discount Rate (MDR) – All You Need to Know

Have you ever heard the term MDR and confused as to what it is? Well! If yes, worry not, we are here to answer all your queries related to MDR…

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UPI: All you need to know

We are living in a digital world. The condition is such that mobile phone has become more essential than food. It is so because a mobile phone has become a…

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