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.
Domestic Money Remittance
- Pay Punjab Payment Solutions brings to you an ICICI Money Transfer, an exciting Money Transfer Service in partnership with ICICI Bank
- Domestic Money transfers power by IMPS (Immediate Payment Service)
- Money transfers to any Bank account anywhere in India
- Service available on all days including on National and Bank Holidays
- Transfer money to all Banks using IMPS / NEFT.
Rs. 100-2000= Rs. 8/- Per Transaction
Rs. 2001-5000= Rs. 10/- Per Transaction
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
- Limit on Fund Transfer per transaction Rs. 5000
- Limit on Fund Transfer per month, Rs. 25000
- Minimum Transaction Amount Rs. 100
Maximum Limit Per Sender Per Transaction is Rs, 5000/-
Maximum Limit Per Sender Per Month Rs, 25000/-
Payment Settles Within 2-4 Seconds
Payment Can send 24 X 7 X 365 Days
Supports All Banks in India.
Our Unique Features :
Get Started in 5 Minutes : Our robust white labelled platform allows you to get started your own money transfer platform in Just 5 Minutes
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
Lowest Charges : The beauty of the platform is that its supports all type of business models so that you can always meet the demand of your customers. (Supports both Percentage Wise & Flat Charges
- Lowest Transaction Charges
- Quick, Easy & Simple. Complete transaction in 3 simple steps
- Define your own commission as flat amount or percentage or combination of both
- Set different commission for different customers
- Add Sender & Receiver quickly
- No Need to Find IFSC Code
- 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
- Simple API with SDK’s for quick integrations
- Multi Compatible Mobile Application – Coming Soon