P2PThe type of your bank account determines your working limit
Savings, current or corporate account — how the account behind your UPI app sets your daily volume, plus the four transfer methods: UPI, IMPS, NEFT and RTGS.
Look, most new traders focus on the UPI app: Airtel Payment Bank, Airtel Merchant, PhonePe, Paytm, Google Pay. But the app is only the interface.
What really matters is which bank account is connected to it. Here are the three types of accounts we work with.
Savings account
A personal bank account with a regular UPI QR.
Working model:
- Volume: up to 150k INR per day.
- Available apps: PhonePe, Paytm, Google Pay, Airtel Merchant and others.
- Best suited for testing and smaller transaction flows.
Don't keep more than 50k INR on a Savings Account used for processing. This is an operational safety rule, not a universal bank limit. In any case, you must remember that working accounts are only a consumable resource, and you cannot keep a lot of money in one account, because the account can be restricted at any moment, even if the traffic is clean — it's completely random, like a casino.
Current account
A business account for an individual entrepreneur or registered business. Instead of a personal QR, you can use an MQR (Merchant QR) through PhonePe Business, Paytm Business, Google Pay for Business or another approved provider.
Working model:
- Effective capacity: approximately 600–800k INR per day and more.
- Designed for commercial transaction activity.
- Better suited to traders who want to work with consistent volumes.
Don't keep more than 100k INR on a Current Account used for processing. Actual limits and conditions depend on the bank, business profile and KYC.
Corporate account
An account for a registered company.
- Suitable for larger transaction volumes
- Limits depend on the company, bank and account configuration
- Requires full corporate documentation and verification
Transfer methods
Bro, account type is only one part of the setup. You also need to understand the four main transfer methods:
- UPI — payment through QR or UPI ID. Fast and convenient because the beneficiary usually does not need to be added in advance.
- IMPS — instant bank transfer using the account holder's name, account number, IFSC and bank name. Beneficiary activation limits and waiting periods depend on the bank. This method is often better used only for Payouts; you should not accept money through IMPS, as they may send you transfers from abroad and your accounts can get blocked quickly.
- NEFT — interbank transfer processed in half-hourly batches, available 24/7. Depending on the bank, it may take around an hour or longer.
- RTGS — real-time interbank transfer for amounts starting from 2L INR, available 24/7.
Before you choose a setup
Straight to the point — don't choose your setup only because you already have a PhonePe or Paytm account.
First check:
- What type of bank account is connected?
- What limits has the bank assigned?
- Is the QR personal or merchant?
- Which transfer methods are available?
- What volume do you actually want to handle?
The right account, the right method, the right platform — the path to a good business!