Payout Methods

Bank Transfers, UPI, and More

Enkash offers a variety of payout methods, providing businesses with flexibility and convenience for seamless fund disbursement.

Available Payout Methods

Bank Transfers
Transfer funds directly to recipients’ bank accounts using methods like IMPS, NEFT, and RTGS for efficient and reliable disbursements.

UPI Payouts
Utilize the UPI infrastructure to instantly transfer funds to recipients' UPI IDs, enabling quick and hassle-free transactions.

Bank Transfers

Enkash supports multiple bank transfer options, including:

IMPS: Instant and available 24x7, including weekends and holidays.

NEFT: Cost-effective for non-urgent payments, processed during banking hours.

RTGS: Ideal for high-value transactions (not covered in this specific section).

IMPS vs. NEFT

Feature	IMPS	NEFT
Credit to Account	Funds are transferred immediately.	Funds are credited within 2 hours during batch processing intervals.
Operating Hours	24x7, including weekends and bank holidays.	Restricted to banking hours; unavailable on weekends and holidays. Available between 1 AM and 6:45 PM on NEFT working days.
Use Cases	Ideal for time-sensitive, instant payments.	Best for non-urgent payments without immediate credit needs.
Transfer Limit	Maximum Rs. 2 lakhs per transaction.	Default for payments exceeding Rs. 2 lakhs.

Key Benefits:

Flexibility to choose IMPS or NEFT based on urgency, operating hours, and transaction cost.

24x7 availability with IMPS for time-sensitive transfers.

UPI Payouts

UPI payouts enable instant, round-the-clock fund transfers to valid UPI Virtual Payment Addresses (VPAs), even on weekends and holidays.

Features:

Instant Transfers: Funds are credited immediately.

Ease of Use: No additional beneficiary details required—only a valid VPA.

24x7 Availability: Accessible anytime, including holidays.

Important Notes

Transfer Limit: UPI payouts have a maximum limit of Rs. 1 lakh per transfer. Limits may vary by bank, typically ranging from Rs. 10,000 to Rs. 1 lakh.

Accuracy Required: Ensure the VPA is valid. Incorrect VPAs will result in failed transfers.

Summery

Method	Key Features	Ideal For
IMPS	Instant transfers, 24x7 availability.	Time-sensitive payments under Rs. 2 lakhs.
NEFT	Batch processing during banking hours.	Non-urgent payments over Rs. 2 lakhs.
UPI	Instant fund transfers via VPAs.	Quick, hassle-free payments up to Rs. 1 lakh.

Bank Transfers, UPI, and More#

Available Payout Methods#

Bank Transfers#

IMPS vs. NEFT#

Key Benefits:#

UPI Payouts#

Features:#

Summery#