Fast reliable payouts for growing teams
Get instant confirmation with live status on every transfer, verify the beneficiary using a penny drop or a VPA check, rely on smart retries with webhooks and alerts, match entries with central reconciliation against your bank, move fast with bulk uploads or APIs using maker checker controls, and close issues with a simple dispute and refund flow.
- Instant confirmation and live status
- Verify beneficiary with penny drop or VPA check
- Smart retries with webhooks and alerts
- Central reconciliation with bank match
- Bulk uploads and APIs with maker checker
- Simple dispute and refund flow
Transakt
How Instant Payouts help your team move faster
Real time proof on every transfer
Give customers and partners a smooth experience when they withdraw funds get refunds or receive commissions. Each transfer posts in seconds with a reference you can track end to end. Your support team sees the same status your dashboard shows so there is no back and forth.
We verify the beneficiary before the first rupee moves match every transfer to your ledger and update status as it changes. Settlements follow a clear schedule and exports land straight in your books. Your team spends time on decisions not downloads.
Your go to team for payout launches
Partner with people who work on payouts all day. We handle bank onboarding, switch on beneficiary checks and limits, set up maker checker, and tune routing so transfers clear fast. We watch jobs and alerts in real time and keep the system steady as you grow. You get clear SLAs and responsive support, so your team is not stuck chasing tickets.
what you get
What is included in Instant Payouts
You get one clean system to create beneficiaries, send money at speed, see live status, and close the day without drama. Here is what comes in the box.
channels
Beneficiary setup and onboarding
Set up new beneficiaries in minutes and do it right the first time. Your team can add a beneficiary from the dashboard or over API, run a penny drop or VPA name check, and store verified details with consent. You can set limits per role, per business unit, or per use case so risky payouts do not slip through. Use bulk import when you have a large list and invite teammates with maker checker so every approval is clear. We capture the full trail of who did what and when. Status updates land in your inbox and on webhooks so the team stays in sync without chasing people.
channels
Payment flows and channels
Choose the flow that fits the job and switch it on with a click. Do single transfers for support actions, bulk uploads for payroll and vendor runs, and scheduled payouts for commissions or refunds. Use UPI or IMPS when you need speed, and NEFT or RTGS for high value or planned transfers. Our engine handles idempotency for safety and runs smart routing so the money takes the best path. Each transfer gets a unique reference that you can search and share. Webhooks post live events to your system and the dashboard shows clean status that anyone can read. Your product team keeps control while finance stays informed.
Settlement and reconciliation
Keep your books clean without long nights. As payouts move, we maintain a clear ledger that mirrors your source systems and your bank view. Bank statements sync inside the dashboard and our matcher links entries to each transfer using UTR and other references. Unmatched items sit in a tidy queue with suggested actions so your team can resolve them quickly. Build exports for your ERP or accounting tool with one click and schedule daily drops if you prefer. Filters by date, project, cost center, or partner make it easy to answer questions from leadership. Every edit is recorded with a complete audit trail, so month end reviews are calm and predictable.
Disputes refunds and support
When something goes wrong you get straight answers and a clear path to fix it. Failed payouts trigger smart retries and alerts to the right owner. If funds bounce back we show the reason code and place the money in a safe bucket ready for reuse or refund. Your team can request proof of credit, download statements, or share a confirmation with partners using secure links. SLAs are simple and visible inside the dashboard. You can open a case with full context in one click and our team joins you with real status from the rails. Reports show trends by issue type so you can improve your rules and reduce noise over time.
THE PROOF IS IN THE NUMBERS
Why Instant Payouts with Transakt changes the game
99.95%
Successful transfers across supported banks
20 sec
Median time from request to credit
₹ 500 Cr +
Payout volume processed
FAQ
FAQs about BBPS
Quick answers to common questions about setup security and day to day use.
MPS and UPI move money in seconds and run round the clock all year. NEFT also runs 24 x 7 in half hour batches. RTGS runs 24 x 7 as well and is meant for large value transfers.
IMPS allows up to ₹5 lakh per transfer. UPI is usually capped at about ₹1 lakh per day for most users, though the cap can be higher for some approved categories where NPCI has raised it to the ₹2 lakh to ₹5 lakh range. Banks may still set stricter limits.
Failed UPI or IMPS transactions have defined refund timelines under the industry turnaround policy. If a transfer does not complete, the platforms and banks must reverse or adjust the entry within the set window and pay compensation if they miss it.
Every transfer carries a reference. For NEFT and RTGS you get a UTR number that uniquely identifies the payment. For IMPS and most UPI flows you get a reference or RRN that banks use to trace status. Share these references with support for quick resolution.
