IMPS stands for ‘Immediate Payment System’ and it is available 24/7-365 days and offers real time settlement. NEFT stands for “National electronic Fund Transfer” and works in batches throughout the day.
Please follow the below steps to send money to a beneficiary account:
– Create a sender profile by adding details – (Mobile Number, Name, Address) if it doesn’t exist.
– An OTP will be sent to the sender’s mobile number.
– Validate the OTP.
– Add beneficiary detail
– Bank Account No, IFSC Code, Account Holder Name.
– Select “IMPS” or “NEFT”.
– Click “Transfer” to proceed.
DMT stands for Domestic Money Transfer, you can send money to any account number 24X7 across India. Money transfer service is available with IMPS and NEFT payment option.