API Banking: A Revolution in the Banking Industry

Ever ordered food online? If yes, have you wondered how you were able to pay without leaving the application? Well, it’s because of an innovative technology called API Banking. It…

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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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