Banking


Domestic Money Transfer

Domestic Money Transfer

With the age of digitization, it is now possible to transfer money online. There are a number of advantages to it varying from ease of transaction to convenience. At the Money Transfer facilitation center, various domestic IMPS and NEFT transactions can be carried out. International money transfer can also be made. In Tier 2/3 cities and rural areas it may not be possible for people to carry out these transactions from the convenience of their homes. That's where these facilitation centers come in handy and make things easier for the public. All money transfers and transactions ranging from the smallest amount to the big ones can be made and electronic receipts/confirmation is given to the customer. It is not just the convenience factor that adds in favor of online transactions. It is the safe and secure payments made through all modes with electronic receipts that are easier to handle.

Nepal Money Transfer

Nepal Money Transfer

Simple, easy, quick and hassle-free, cash transfer is one of the most preferred payout modes for international money transfers around the world to any part of Nepal. You can send money in cash and the receiver collects the money in cash, within minutes. When you send money, you receive a control no, which you need to share with the receiver. The receiver visits an Prabhu Money Transfer agent and provides the Control No and a valid ID to receive the money.

Aadhaar Enabled Payment System (AEPS)

Aadhaar Enabled Payment System (AEPS)

AEPS is a bank led model which allows online interoperable financial transaction at PoS (Point of Sale / Micro ATM) through the Business Correspondent (BC)/Bank Mitra of any bank using the Aadhaar authentication.

How to get it:

  1. Provide KYC (Know Your Customer) information to open a new account
  2. Aadhaar Number should be linked with bank a/c

Service Activation:

  1. None
  2. 1-2 minutes post Aadhaar seeding

What is required for Transaction:

Micro ATM Remember Aadhaar, Give Bank name, Present self (Aadhaar holder) with Bio-metrics (Finger and/or IRIS), Assisted mode

Transaction Cost:

NIL to customer, Merchant or BC may get charged or paid based on banks discretion, Disclaimer: The transaction costs are based on available information and may vary based on banks.

Services Offered:

Balance Enquiry, Cash Withdrawal, Cash Deposit Aadhaar to Aadhaar funds transfer Payment Transactions (C2B, C2G Transactions)

Funds Transfer limit:

Banks define limit. No limit for RBI

Disclaimer:

The funds transfer limits are based on available information and may vary based on banks.

Service Available from no. of operators:

118 banks, Interoperable