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Domestic Money Transfer

Introduction - Domestic Money Transfer

Money Transfer allows you to send money instantly 24 x 7 x 365 to any IMPS supported banks in India. Receiver will get the money credited into their bank account within 5 -10 seconds.

Start offering money transfer services through the very same "Wallet" and boost your outlet footfall and income. 

How it Works


Domestic Money Transfer works exactly same as how Mobile Recharge works, only difference is that instead of mobile number you need to collect the beneficiary bank account number, IFSC Code and the amount which needs to be transferred from your walk in customers. 

Enter the details into a simple web form and complete the transaction. The beneficiary account will be credited the amount within 5-10 seconds.

Transfer Mode


Our platform supports IMPS & NEFT transfer modes and the system automatically switches the transfer mode.

IMPS : Immediate Payment Service is an interbank electronic instant money transfer service which allows to send and receive money 24 x 7 x 365. The platform is powered by National Payment Corporation of India (NPCI) who settles the IMPS transactions in India on real time basis 24 x 7 x 365

NEFT : National Electronic Fund Transfer under RBI which settles NEFT transactions in India as batch wise and works only on working day and hours of RBI

Difference between IMPS & NEFT

 

IMPS NEFT
Maximum Limit Per Sender Per Transaction is Rs 5,000 Maximum Limit Per Sender Per Transaction is Rs 25,000
Maximum Limit Per Sender Per Month Rs 10,000 without KYC and with KYC Rs 25,000 Maximum Limit Per Sender Per Month is Rs 50,000
Payment Settles within 5-10 Seconds Payment is processing as batch wise and requires 2-8 hours to settle
Payment can send 24 x 7 x 365 Payment can be send only on working days and hours of RBI
Supports only 67 Banks Supports all banks in India
 

Easy to Use : Our extremely user friendly & Multi Language platform allows all type of customers to use without any technical knowledge/training

Refund to Wallet : You may know that all major companies refund the amount for failed transaction directly to the Sender (Customer) Semi Closed Wallet but we refund the amount to the Maker (Retailer) Wallet so NO MORE BLOCKAGE OF MONEY

Features

 

    • Lowest Transaction Charges
    • Quick, Easy & Simple. Complete transaction in 3 simple steps
    • Set different commission for different customers
    • Add Sender & Receiver quickly
    • IFSC finding tool
    • Well Organised Transaction Manager
    • Issue customize receipt and option to set your own surcharge in receipt
    • Option to Download/SMS/Email receipt to the customers
    • Safe & Secure Platform
    • Support IMPS & NEFT Modes with Auto Switch feature
    • Multi Compatible Mobile Application - Coming Soon
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