UPI transactions don't need information like a name or number of a bank account holder, IFSC, the recipient's name, or other personal information. You only need a UPI ID and UPI PIN to complete a UPI transaction. With the integration of banks, third-party payment service providers and dig...
To use UPI, users first download a UPI-enabled app, such as PhonePe, Google Pay, or Paytm. After installation, they register by linking their bank account and creating a unique virtual payment address (VPA), such as user@bankname, which serves as theirUPI ID. Step 2. Initiating a Transa...
Note: The cooling period varies from bank to bank. For example, the cooling period for SBI bank accounts is 4 days from the time of approval. During the SBI cooling period, you can transfer an amount of up to Rs. 5 lakhs to the receiver. After the completion of the cooling period in...
Starting September 1, 2024, RuPay credit cardholders will receive the same rewards for UPI transactions as for regular purchases. The NPCI has mandated that banks must provide equal rewards for UPI payments with RuPay cards, except in rare cases where no fee is earned. Additionally, from Septem...
Toenablethe Super Chat feature on a channel, the user must be over 18 years old, have monetisation enabled for their channel, and be located in a jurisdiction supporting the feature. Anyone watching the live stream can pay for a Super Chat comment: which is essentially a comment by them th...
ICICI Bank announced on Tuesday that the feature is live on its 'iMobile' and 'Pockets' mobile apps. The latter allows peer-to-peer and e-commerce payments by users including those who don't have an ICICI Bank account. "UPI is a path-breaking concept which will enable convenient person-...
UPI transactions don't need information like a name or number of a bank account holder, IFSC, the recipient's name, or other personal information. You only need a UPI ID and UPI PIN to complete a UPI transaction. With the integration of banks, third-party payment service providers and dig...
Zero-balance current account is a bank account without a minimum balance requirement. It allows account holders to carry out transactions without needing to maintain a minimum balance. To small business owners, zero balance current accounts can help them go from 0 to 1 – to get their business...
For smaller, immediate transfers, consider alternative methods like NEFT or UPI. Related Read: How to Check RTGS Status by UTR Number? Frequently Asked Questions (FAQs) 1. What is the full form of RTGS? The full form of RTGS is “Real-time Gross Settlement” 2. What types of transactions...
The acquiring bank’s payment gateway will connect via the card network to the issuing bank to understand whether the card can be charged or not. This is required because it may be possible that the card account has exhausted their limit or has insufficient funds ...