Type [Mode of transaction] Settlement Time  [Time taken for the transaction to be successful] Reversal Time [Money from incomplete transactions will return to the Sender by this time] Intra Bank  (Between Fi users or Fi & Federal Bank users - functions 24x7) Instant 24 hours NEFT  (National Electronic Funds Transfer – functions 24x7) 3 hours 24 hours RTGS  [Real-Time Gross Settlement – works from 7 am to 6 pm Instant 24 hours IMPS  (Immediate Mobile Payment Service – functions 24x7) Instant Upto 2 working days UPI (P2P)  UPI transactions between peers Instant Upto 2 working days UPI (P2M) UPI transactions between a person and a Merchant, Company or Brand Instant Upto 5 working days Debit Card  Point of Sale physical purchase by swiping or online shopping on E-commerce site - (eCom/POS) Instant Instant Debit Card (ATM)  Any time you withdraw cash from an Automated Teller Machine Instant Instant