UPI Failed Status Codes
Definition UPI Failed Status Codes are error codes generated when a UPI payment does not go through. Meaning…
UPI Transaction ID
Definition A UPI Transaction ID is a unique number generated for every UPI payment. Meaning of UPI Transaction…
UPI Bank Settlement
Meaning UPI bank settlement is the process through which banks process UPI transactions and transfer funds from payer…
UPI Merchant Dashboard
Definition UPI merchant dashboard is an online interface provided by banks or payment platforms for merchants to monitor…
Overdraft Account Link
Definition An Overdraft Account Link allows a customer to connect their overdraft account with UPI or a debit…
MDR
Meaning of MDR MDR stands for Merchant Discount Rate. MDR is the fee charged to merchants for accepting…
CRR (Cash Reserve Ratio)
Meaning CRR stands for Cash Reserve Ratio. CRR is the minimum percentage of a commercial bank’s deposits that…
Current Account
Definition A Current Account is a type of bank account primarily used by businesses, companies, and professionals for…
Customer ID
Meaning A Customer ID is a unique number assigned by a bank to identify each account holder. Purpose…
ECS (Electronic Clearing System)
Definition ECS stands for Electronic Clearing System. ECS, or Electronic Clearing System, is a digital method to transfer…