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Net Banking (India Interbank NetBanking)

Country: India (IN)  |  Payment Rail: bank_network

OnlineBanking Market Adoption: 40%

Net Banking connects all major Indian commercial banks (SBI, HDFC, ICICI) for online banking checkout transfers and e-NACH recurring subscriptions.

🔄 User Payment Flow

  1. Customer selects Net Banking at checkout and chooses their bank (e.g. SBI, HDFC, ICICI, Axis)
  2. Checkout redirects customer to their bank's official Net Banking portal
  3. Customer logs in with NetBanking User ID and password, verifying via SMS OTP
  4. Bank clears funds and redirects customer back to merchant website with success status

⚙️ Characteristics & Settlement

Instant PaymentYES
Supports QRNO
Supports RecurringYES
Supports RefundYES

🛠️ Merchant Integration Steps

  • Merchant API calls acquiring gateway (Razorpay / PayU) for NetBanking session
  • PSP issues payment token and NetBanking portal redirect URL
  • PSP receives bank clearing callback and updates merchant order status