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India
| Type | Description |
|---|---|
| Direct to Bank Method |
Direct credit to bank account in Indian Rupee (INR). See the supported list below. A valid Indian Financial System Code (IFSC) code to identify bank branches is a mandatory
Supported sender type - Individual & Corporate Supported beneficiary type – Individual & Corporate |
| Transaction Turnaround Time |
Instant Credit process via IMPS (Less than INR 500K)
Credit within 45 minutes if processed via NEFT/ RTGS (Above INR 500K) Subjected to Singapore office timing and funds being received |
| Area availability | India nationwide |
| Validation / Verification | Account validation with beneficiary name and beneficial bank name. Payment will be credited based on valid bank account number and branch code (IFSC Code). Some beneficiary may require Foreign Inward Remittance Certificate |
| Amount received | Beneficiary received net amount as specified by sender |
| Transaction Limit |
Corporate Account: Maximum per transaction INR 1.5 million
Individual Account: Any Amount Transactions for temple, trust, charities, foundation, Chit Funds, Charitable trusts, NGO’s, donations are not allowed under RDA |
| Service Charge | Transaction fee will not be refunded upon submitted to the banks |
| Cancellation Process | Cancellation is on best effort basis |
| Type | Description |
|---|---|
| Cash-out Method |
Cash pick up Indian rupee (INR) at any supported outlets
Supported sender type - Individual Supported beneficiary type – Individual |
| Transaction Turnaround Time |
Within 15 minutes
Subjected to Singapore office timing and funds being received |
| Area availability | India nationwide |
| Account Verification | Beneficiary to provide valid photo-bearing ID (Government ID, Driving License, Passport) Name and Unique Transaction Number |
| Amount received | As specified by sender |
| Transaction Limit |
Maximum per transaction INR 50,000.00
Anything above INR 50,000 will be paid via account payee cheque |
| Service Charge | Transaction fee will not be refunded upon submitted to the payout agent |
| Remarks | Beneficiary mobile number is mandatory for the payout |