Enkash APIs
Payout Methods
Supported Payout Methods
Enkash facilitates payouts through diverse payment methods, enhancing flexibility and convenience for businesses
Presently, Enkash supports the following payout methods:
- Bank Transfers: Enable seamless fund transfers directly to recipients' bank accounts, ensuring efficient disbursement of funds
- UPI Payouts: Leverage the UPI infrastructure to transfer funds instantly to recipients' UPI IDs, offering swift and hassle-free transactions
Bank Transfers
Enkash offers bank transfers with support for IMPS, NEFT & RTGS payouts. IMPS is the default mode for payouts due to its 24X7 availability & instant fund crediting to the beneficiary account
Businesses can choose between IMPS and NEFT based on factors such as the urgency of the transaction, operating hours, and cost considerations. Enkash provides flexibility and convenience in bank transfers to suit various payment needs
| Features | IMPS | NEFT |
|---|---|---|
| Credit To Account | Funds are transferred immediately to the beneficiary's account | NEFT transfer reflects in the beneficiary's account within 2 hours NEFT works on batch processing and funds are transferred to beneficiary's account at fixed intervals throughout the day, resulting in a delayed credit |
| Operating Hours | IMPS transfer can be initiated 24x7, including weekends and bank holidays | NEFT transfers are subject to banking hours and are not processed during weekends or bank holidays NEFT is available between 1 AM and 6:45 PM on all NEFT working days (Monday to Saturday, except 2nd and 4th Saturday) |
| Usages | IMPS is suited for time-sensitive transfers that require instant processing and credit | NEFT is suited for non-urgent payments that dose not require instant processing and fund availability |
| Transfer Limit | IMPS has a limit of Rs. 2 lakhs per payout | NEFT is the default payout method for any amount higher than Rs. 2 lakhs |
UPI Payouts
UPI payouts offer round-the-clock accessibility, even on weekends and holidays. With UPI payouts, funds can be promptly sent to valid UPI VPAs
:::caution
The UPI payout limit per transfer is Rs.1 lakh, although this upper limit may vary across banks, typically ranging from Rs. 10,000 to Rs. 1 lakh.
A valid UPI VPA is required for successful payouts, with no need for additional beneficiary details. Incorrect VPAs will result in failed transfers.
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