Xpress Money

Meaning :

Xpress Money refers to fast payment services that let you send and receive money quickly—usually within minutes. It includes digital methods that make  transferring money easier and faster.

Example : 

For instance, sending ₹1,000 to a friend using UPI and having the amount  reach them instantly is an example of an Xpress Money transfer.

How to Understand Overdraft :

Think of Xpress Money as a super-fast delivery service for your money—just like how  express couriers deliver packages quickly, Xpress Money delivers payments instantly.

Importance of Overdraft:

Xpress Money saves time by allowing instant transactions.

It helps in emergencies when you need money immediately.

It is useful for daily transactions like paying bills, transferring money, or shopping online.

Xpress Money supports a cashless and fast-moving digital economy, making it easier for  everyone to manage their money.