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Fund Transfer
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Fund Transfer Services
Customers may use this option to transfer funds to any Third Party (Beneficiary) holding an account with a bank other than Fincare Small Finance Bank, if the beneficiary’s bank participates in RBI National Electronic Funds Transfer (RBI – NEFT). These funds transfers are executed using Reserve Bank of India’s Inter Bank Transfer Scheme.
Channels for doing NEFT:
- Net Banking
- Mobile Banking
- Branch banking (Timings: 10:00 AM to 05:00 PM on working days)
24X7 NEFT facility for Net / Mobile banking
As per the RBI circular* dated December 6, 2019, the NEFT facility will be available 24×7 via Net / Mobile banking w.e.f. December 16, 2019. So, customers can send and receive funds at their convenience.
Please note:
- The time taken to credit the Beneficiary’s account will be dependent on the time taken by the Beneficiary’s Bank to process the payment.
- Transfer limits for NEFT through mobile banking is from 1 to 15 lakhs
- Transfer limits for NEFT through net banking is from 1 to 7.5 lakhs
Customers may use this option to transfer funds to any Third Party (Beneficiary) holding an account with a bank other than Fincare Small Finance Bank, if the beneficiary’s bank participates in RBI Real Time Gross Settlement (RBI – RTGS). These fund transfers are executed using Reserve Bank of India’s Inter Bank Transfer Scheme. The minimum amount that can be transferred via this channel is Rs. 2 lakhs
RTGS facility for Net / Mobile banking is now available 24/7
You can transfer money using RTGS through:
- Net Banking
- Mobile Banking
- Branch Banking (Timings: 10:00 AM to 05:00 PM on working days)(Requests received after cut-off time will be processed on the next RTGS business day. Your account will be debited only when the request is processed, subject to availability of clear funds)
Please note:
- The time taken to credit the Beneficiary’s account will be dependent on the time taken by the Beneficiary’s Bank to process the payment.
- Transfer limits for RTGS through mobile banking is from 1 to 15 lakhs
- Transfer limits for RTGS through net banking is from 1 to 7.5 lakhs
Immediate Payment Service (IMPS) enables Customer to instantly transfer funds online safely from Customer’s bank account to accounts maintained with other banks participating in IMPS. This service is available 24×7, even on Sundays and any Bank holidays through Net Banking and Mobile Banking.
Customer needs a Valid MMID (for mobile banking) and device connected to the internet and Fincare Small Finance Bank’s net banking, SMS banking or Mobile banking facility. This service is brought to you by the National Payments Corporation of India (NPCI) in collaboration with member banks.
IMPS fund transfer can be done in the following ways:
- Fund Transfer using account number and IFSC
- Fund Transfer using mobile number and MMID (Mobile Money Identifier)
IMPS fund transfer Transaction limits:
| Minimum Amount | 1/- |
| Maximum per transaction | 5,00,000/- |
| Maximum per day transaction Limit | 5,00,000/- |
Aadhaar Enabled Payment System (AEPS) is a payment service introduced by the National Payments Corporation of India (NPCI), which allows Aadhaar cardholders to make financial transactions using their Aadhaar number and fingerprint (biometric) authentication. This system enables individuals to perform basic banking transactions like cash withdrawals, cash deposits, balance inquiries, and other services without the need for a physical debit card or signature. It aims to facilitate financial inclusion by providing banking services to rural and underprivileged sections of society who may need more access to traditional banking infrastructure.
Channels for Enabling/Disabling the AEPS:
- Mobile Banking
- Branch Banking (Timings: 10:00 AM to 05:00 PM on working days)
Channels for AEPS transactions:
- Branch Banking (Timings: 10:00 AM to 05:00 PM on working days)
Note:
- The maximum transaction amount for a single AEPS financial transaction is ₹ 10,000/- “