Bank transfers & instant payments · On request
Net banking
Net banking is the Indian name for paying online from a bank account through the bank's own internet banking: the checkout lists the banks, the payer picks theirs, logs in on the bank's site, authorises the payment, and the bank sends them back with the result. It predates UPI and still covers payers who pay from a desktop, from an account without a UPI app, or amounts above their UPI limit; the result is immediate, there are no chargebacks, and a Tranzify client enables it on request.
Key facts
- Countries
- India
- Currencies
- INR
- Operations
- Pay-in · Refund
- Settlement
- instant
- Chargebacks
- not possible
How a payment goes through
- 1The checkout shows the account details, the amount and a reference
- 2The payer sends the transfer from their banking app
- 3The provider matches the incoming transfer by reference and amount
- 4Webhook to the merchant; unmatched transfers are refunded
How a payment goes through
- The checkout offers net banking and shows the list of banks; the payer picks theirs.
- The payer is redirected to the bank’s online banking, logs in and authorises the payment, usually with a one-time password.
- The bank returns the payer to the checkout, and the provider confirms the result at once.
- Tranzify writes the result and calls the merchant’s webhook.
Net banking against UPI in India
UPI is the everyday rail for payments from a phone; net banking is the older way to pay from an account, inside the bank’s own site, with no app and no card.
| Net banking | UPI | |
|---|---|---|
| What the payer needs | internet banking at a listed bank | a UPI app linked to the account |
| Where it is confirmed | on the bank’s site | in the UPI app, with a PIN |
| Confirmation | at once, after the redirect | seconds |
| Chargebacks | none | none |
| Recurring | no | yes, AutoPay mandates |
| Refunds | yes, to the account | yes |
| Payouts | through providers that offer them | yes |
Who uses it
E-commerce and travel for larger baskets paid from a desktop, education for tuition fees, digital goods for payers without a UPI app. A client (a payment company) enables Razorpay for net banking under its own contract; the integration is enabled on request.
How to connect
- 1Onboard with Tranzify and get your network, keys and back office.
- 2Enter your account with the provider in the terminal settings — Tranzify already speaks its API.
- 3Add routing rules: countries, currencies, amounts, BIN ranges, priorities and weights.
- 4Go live. Every payment, callback and retry is in the journal for five years.
Providers offering this method
On request — Request this integration
Industries
Frequently asked questions
Why offer net banking next to UPI?+
Are there chargebacks?+
Is net banking available for payouts?+
Related methods
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