[salilpa]

I send multiple payouts by file uploads on my bank regularly, but this doesn't work on weekends. Can you help here?

[captn3m0]

If these payouts are over NEFT, it won't get processed on Sundays:

Monday to Saturday (Except 2nd and 4th Saturday) is 8:00 AM to 6:30 PM. [0]

I'm not sure if Cashfree is using NEFT or IMPS. If it is IMPS, it should be much faster.

[0]: https://en.wikipedia.org/wiki/National_Electronic_Funds_Tran...

[akashindya]

Hi, Many banks support bulk transfers only over NEFT and thus it's limiting them to process your payouts on weekends.

We send out most of our payouts over IMPS and can be used 24x7. IMPS has couple of restrictions though (a) We don't have as many banks as we have on NEFT network [List is here: https://www.npci.org.in/links-imps-members] (b) single transaction can't be more than Rs. 200,000 (however, you can totally send multiple IMPS transfers to the same account).

Checkout the banks at IMPS network. Do get in touch with us at [e-mail], if majority of your beneficiary accounts belong to those banks. Last we checked, most of the major banks (ICIC, HDFC, AXIS, SBI, YES, Kotak, RBL, BOI etc) are present.

[sandGorgon]

why IMPS and not UPI ? just curious since UPI looks to be the replacement for IMPS all over.

[vinsat]

UPI has a limit of 10k per transaction and 20k per day.

[aryamaan]

I don't think this is correct. I just made a transaction of more amount than you mentioned.