Domestic Money Transfer operates similarly to Mobile Recharge, with the main difference being that instead of a mobile number, you need to gather the beneficiary's bank account number, IFSC code, and the transfer amount from the walk-in clients. Complete the transaction by filling out the web form, and the beneficiary's account will be credited within 5-10 seconds.
ApiSeva is one of India's leading money remittance and IMPS processors. With Cyrus's strong partnerships and advanced technology backend, you can easily enable your network, retailers, and customers to instantly transfer money to any bank account across the country. The Domestic Money Transfer API offers a fantastic opportunity for site owners, SMEs, and various other organizations to generate additional revenue. With intelligent payment routing, you can ensure minimal costs and maximize profits.
APIs are widely used by banks across the globe and play a crucial role in the banking system. They are essential for retrieving data for both internal and external purposes and are instrumental in collecting and organizing information. APIs are also leveraged by global organizations, such as the World Bank, which manage large datasets and have customers located in various parts of the world who need access to this data.
APIs are extensively used by banks worldwide and play a vital role in the banking system. They can be utilized to retrieve data for both internal and external purposes and are essential for collecting and organizing information. APIs are also employed by international organizations like the World Bank and others, who manage large datasets and have users across the globe needing access to this data.
Our platform supports both NEFT and IMPS transfer modes, with the transfer mode being automatically switched by the system. The platform is powered by the National Payments Corporation of India (NPCI), which facilitates real-time IMPS transactions 24/7, 365 days a year. NEFT (National Electronic Fund Transfer), regulated by the RBI, settles transactions in batches and operates only during the working days and hours of the RBI.