Enkash APIs
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  1. Payouts
  • Payouts Overview
  • Payouts Sign Up
  • Payout Methods
  • Payout API Response Codes
  • Payouts Integration Steps
  • Encrypting and Decrypting Payload
  • Payouts Status Codes
  • Get Authentication Token
    • Get Authentication Token
  • Beneficiary Apis
    • Create Beneficiary
    • Search Beneficiary
    • Delete Beneficiary
  • Transfer Apis
    • Create Payout
    • Search Payouts
    • Create Batch Payout
  • Payout Account Apis
    • Get Balance
    • Get Source Bank Account Details
    • Add Source Bank Account
    • Fetch Bank Statement
  • Webhook Data Apis
    • Get Webhook Data
    • Create Webhook Data
  1. Payouts

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#

1.
Bank Transfers
Transfer funds directly to recipients’ bank accounts using methods like IMPS, NEFT, and RTGS for efficient and reliable disbursements.
2.
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#

FeatureIMPSNEFT
Credit to AccountFunds are transferred immediately.Funds are credited within 2 hours during batch processing intervals.
Operating Hours24x7, 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 CasesIdeal for time-sensitive, instant payments.Best for non-urgent payments without immediate credit needs.
Transfer LimitMaximum 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#

MethodKey FeaturesIdeal For
IMPSInstant transfers, 24x7 availability.Time-sensitive payments under Rs. 2 lakhs.
NEFTBatch processing during banking hours.Non-urgent payments over Rs. 2 lakhs.
UPIInstant fund transfers via VPAs.Quick, hassle-free payments up to Rs. 1 lakh.
Modified at 2025-01-09 20:11:54
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