Difference between UPI, IMPS, NEFT, RTGS
March 28
UPI
Unified Payment Interface (UPI) is a popular mobile payment method that allows you to transfer funds from one bank account to other, instantly and free of charge.
Transferring money through UPI requires each user to have an ID, termed as UPI ID, which is a unique identification for a bank account that is used to send and receive funds from one bank to another.
It allows individuals to request money from some other individual, which is not an option with other payment methods like IMPS, NEFT, etc.
These are simplified,...
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