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UPI ends FY24 with 13K transactions
Transactions worth ₹19.78 lakh crore were processed during March 2024, higher than the previous peak of ₹18.41 lakh crore in January 2024
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UCO Bank IMPS hit by tech glitches
The state-owned UCO Bank has suspended its Immediate Payment Service (IMPS) due to some technical glitches. The financial impact due to this is yet to
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UPI saw 10-billion+ transactions in Aug
The volume and value of transactions undertaken using UPI have been seeing a steady growth in 2023. In June 2023, UPI registered 933.50 crore transact
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Here’s why you should ditch NEFT and use IMPS
IMPS charges are largely subject to the amount which is being transferred along with the bank’s policies.
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A sign of digital maturity
The relaxation of the limit of the immediate payment system (IMPS) by RBI is conducive to ease of transactions and adds to ease of doing business.
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Now you can transfer Rs 5 lakh at one go through IMPS
Since 2014, the per-day transaction limit for IMPS was capped at Rs 2 lakh. But now the central bank has increased the limit to Rs 5 lakh.
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UPI clocks more than 3 billion transactions in July
Launched in 2016, it crossed 1 billion transaction for the first time in 2019. In June this year, it recorded 2.8 billion transactions
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What happens when your UPI, IMPS bank transfer fails?
On April 1, banks were shut and several customers faced issues while transferring money
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RTGS Vs IMPS Vs NEFT – How do they work?
Online transfer of funds has now well and truly taken roots. Consumers now use more of online transfer than cheques to conduct banking transactions. O
