UPI Bank settlement cycle and process explained

How do banks settle among themselves for UPI transactions ?
The process and the settlement cycles explained like never before !

[@AshwiniManoj]

This is very helpful! Thanks a lot!

[@pritamyadav2385]

Nice demo ncpi full info
😊

[@zenfitteam7622]

Hats off ❤

[@Moneymavenpraveen]

Great information ❤

[@TheFintechTechie]

Thank you so much for the positive feedback

[@shadabsiddiqui4967]

You mentioned in this video that Bank B owes to Bank A 40k then why are we Debiting Bank A RTGS account and crediting Bank B? Shouldn't that be vice versa?

[@TheFintechTechie]

Thanks for pointing this out. It should be A owes B 40K. Hence the accounting is correct.

[@pampokes2855]

Thankyou shadab siddiqui 4967 for the question. Even i was so confused.

[@chhavigupta898]

Can you tell how the same happens in Sepa IP

[@pampokes2855]

But what is UPI GL and credits an upi gl ? Videos are good but not for beginners.

[@TheFintechTechie]

GL stands for general ledger- an internal account of the bank. Any accounting has 2 parts. One Debit and one Credit. So if customer account is Debited the UPI GL is credited.

[@JackSparrow-su6wy]

But how is this free for people doesnt bank require any efforts ti maintain this