FinTech Glossary

What is Fund Transfer?

Fund transfer is the process of moving money from one account to another, either within the same bank or across different banks, using digital or traditional banking methods.

Types of Fund Transfers

Common types include:

1. Internal bank transfers

2. NEFT, RTGS, IMPS

3. UPI transfers

Each type varies in speed, cost, and transaction limits, depending on the use case.

Why Fund Transfers Matter

Fund transfers are essential for business operations such as vendor payments, payroll, and collections. Efficient transfer systems ensure timely payments and smooth financial workflows.

EnKash Context

EnKash simplifies fund transfers by providing structured workflows, approvals, and real-time visibility, reducing delays and improving payment accuracy.