Reading Time: 3 minutes NEFT is an extremely convenient form of making online transactions. It also accommodates transfers to NRE and NRO accounts.
Reading Time: 3 minutes One of the features of RTGS that make it particularly relevant for modern consumers is that the transactions can be initiated through net-banking.
Reading Time: 5 minutes UPI is a payment system that allows you to transfer money between any two parties. As compared to NEFT, RTGS and IMPS, UPI is far more well-defined and standardized across banks.
Reading Time: 3 minutes Both RTGS and NEFT have their strengths. Let’s understand these strengths and decide which mode to use and most importantly, when.
Reading Time: 3 minutes Currently, there are over 150,000 IFSC Codes operating in India, with more than 1,400 banks all over the country.
Reading Time: 3 minutes The characteristics of NEFT can help customers in spite of the dawn of faster payment solutions like IMPS in India.
Reading Time: 3 minutes NEFT allows people to transfer funds electronically from one bank account to another and is relevant to those who wish to transfer large sums of money.
Reading Time: 4 minutes NEFT enables easy fund transfers between two parties, as long as both parties have a NEFT-enabled bank account.