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Basically NEFT and RTGS are under RBI and IMPS and UPI are under NPCI. But yes I agree everything should just be unified into one. UPI is the best since you don't need to disclose your account number or the details of which bank and branch your account is with, also the transfers are immediate and available 24x7.Do we really need 3 methods (IMPS, NEFT, RTGS)?
Can't RBI combine everything to a single method?
RBI should just take UPI under its own control and remove it's upper limit of 1 lakh to bring it at par with NEFT and then scrap the other 3 methods. Just that they should also mandate that there would be no transaction charges on UPI for life.