NEFT, RTGS, IMPS, UPI: What Is The Best Way To Send Money Online?

With the advent of technology, the banking sector has also changed, and one of the primary concerns that technology has solved is the transfer of funds from one bank account to another. These days, the fastest way to send money is through mobile banking using e-wallets, but one has to use the online mode to send huge amounts. There is a limitation when it comes to doing a financial transaction on mobile. In India, there are different ways to transfer money online based on the amount and settlement timings.

Basic requirement to transfer funds online

RTGS, NEFT, IMPS are different ways through which you can transfer funds. To transfer funds online you must have internet banking credentials of your savings or current account. Once you log in, you must first register or add beneficiary information if you are doing NEFT/IMPS/RTGS online. Once it is added, you can use any of the methods to transfer funds. But which is a better mode to transfer funds? It depends on the amount you want to transfer and the timing of the transfer. Let us understand more to know which is a better mode to transfer funds.

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