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Transaction Solution
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Transaction Solution
Faster Payments, Seamless Operations.
From individuals to enterprises, we make transactions faster, safer, and smarter.
Benefits of NEFT
Cost-Effective: Low transaction fees compared to other methods.
Wide Accessibility: Transfer money to any NEFT-enabled bank account.
Flexible Usage: Ideal for personal and business transfers.
Safe Transactions: Ensures data encryption and two-factor authentication.
Time-Saving: Easily initiate transfers online without visiting a branch.
Benefits of IMPS
Instant Money Transfers: No waiting period for fund credit.
Ease of Access: Operable through mobile, internet banking, or ATMs.
Small and Large Transfers: Supports transfers for varying amounts within daily limits.
Always On: Perfect for emergency transactions outside banking hours.
Reliable and Safe: High encryption ensures secure transactions.
Frequently Asked Questions (FAQs)
Is there a charge for using NEFT/IMPS services?
Charges may apply based on the bank’s policy. However, many banks offer free online NEFT/IMPS transfers for certain account types.
Can I transfer funds to an account in another bank?
Yes, both NEFT and IMPS support interbank transfers.
What is the daily transfer limit for IMPS?
The daily limit varies between banks, typically ranging from ₹1 lakh to ₹2 lakh for individual accounts.
Is IMPS safe for high-value transactions?
Yes, IMPS is secure and encrypted, but NEFT is usually recommended for very high-value transfers due to its structured process.
Can I cancel a NEFT/IMPS transaction?
Once initiated, IMPS transactions cannot be canceled. NEFT transactions can be stopped only before the batch is processed.