UPI: All you need to know as a Customer and Merchant.

What is UPI? UPI stands for Unified Payment Interface. It permits us the transfer money from one bank account to another instantly through a smartphone. Payments can be made through…

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NEFT – Meaning, Transaction Charges and Timings.

Introduction Gone are the days when people need to visit bank for every transaction. Taking out time from a busy schedule to visit a bank is a very daunting task….

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Open Banking – emerging banking 2.0 in India.

Introduction Open banking in India is in a very nascent stage. It is because the Indian banking system focuses more on security and privacy. Think of open banking as the…

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NACH (National Automated Clearing House) – all you need to know.

What is NACH? NACH stands for National Automated Clearing House. It is a centralised payment system for financial institutions, corporates, banks and the Government. NPCI (National Payment Corporation of India)…

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RTGS Transfer: RTGS Meaning, RTGS Timing and Charges for RTGS Transaction.

Table of Contents What is RTGS? How does RTGS Transfer work? Information required for RTGS Fund Transfer. How to do RTGS Fund Transfer? Advantage of RTGS Transfer. RTGS vs NEFT…

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IMPS – (Immediate Payment Service) Meaning, Transfer Limit 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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MDR – A Complete Guide To Merchant Discount Rate.

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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