IMPS & NEFT Money Transfer API (Free 30 days Trial)

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.

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.

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

Important things about Money Transfer

a) IMPS Transaction Limit Rs.5000 per transaction and Rs.10,000 per month per customer for non KYC customer.
b) IMPS Transaction Limit Rs.5000 per transaction and Rs.25,000 per month per customer for KYC customer.
c) NEFT Transaction Limit Rs.25000 per transaction and Rs.50,000 per month per customer for non KYC & KYC customer.
d) NEFT Timings : Monday to Saturday - 8:00 AM to 6:30 PM (2nd & 4th Saturdays, Sundays are holiday).
e) NEFT Holidays : 25-03-2016 - Good Friday, 01-04-2016 - Annual Closing, 15-08-2016-Independence Day,11-10-2016 - Dussehra, 12-10-2016 - Moharram.
f) IMPS Transaction take 5 to 10 seconds, while NEFT may take upto 3 hours.

Money Transfer API Transaction Charges For IMPS 0.8% & NEFT 0.35% of Transaction Amount.

* Transaction Charges may change if RBI change Transaction Charges.
Money Transfer Transaction Charges for API
S.No Type Amount Rs.
Service Charge
1IMPS <1000 Rs.9
2 IMPS 1001 - 2000 Rs.11
3 IMPS 2001 - 3000 Rs.13
4 IMPS 3001 - 4000 Rs.14
5 IMPS 4001 - 5000 Rs.15
6 NEFT 5001 - 10000 Rs.19
7 NEFT 10001 - 25000 Rs.25