UPI stands for unified payment interface, it is a unique user ID that bank uses to accomplish real-time money transactions. The national payments corporation of India set up by the reserve bank of India and the Indian banks association back UPI. It facilitates the transfer the money between bank accounts and interconnectivity through IMPS, which […]

IMPS stands for immediate payment service, which is provided by Indian banks to their customers to help them carry out the interbank transfer in real time. Customers do not need to wait for the bank to open to transfer money and are free to transfer funds on weekends, holidays, or weekdays. The maximum amount that […]