Why there is two instant deposit options one say UPI is not supported but just below that it says supported.Anyone really tried to deposit INR using UPI apps?
Yes, I did a transaction of 100 INR using Google pay and it was instant. You can also use Amazon Pay and Paytm if you want.
There is only one instant deposite option on the app using UPI. I do not see two options there. It is similar to the above image.
In the above image itself it says the UPI is not supported but below option shows instant deposit with UPI so there is two difference methods to avail the balance?
The above link is for the old method which only works for IMPS and NEFT. UPI apps like PhonePe and Google Pay also provide option to send payment with the Account No. and IFSC code. People confuse this option as equivalent to Bank Transfer. However, in reality you are still doing transfer over UPI protocol.
WazirX creates a unique bank account number for every user. Money transferred to that account only from the registered account number of the user will be identified instantly by the WazirX bot. That's why UPI payments are disallowed in the first option and transaction will be reversed if you try to do so.