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Domestic Money Remittance

Domestic Money Remittance

Your Business is just a few click away, it' easy

  • Money Transfer Agency
  • Micro ATM
  • Money Transfer Distributor
  • Money Transfer White Label
  • Money Transfer API
  • Business Correspondence
 
How

Mobile Money Transfer

Works

Transferring funds is very simple and convenient


Customer
Check Customer Details
Add Beneficiary
Do Transaction
See Transaction List
Check Refund Transaction List

Micro ATM

  • Micro ATM is a mini version of an ATM. Simply put, it’s a mini version of an ATM,
  • Installing ATMs in rural areas is unviable for banks due to the lower number of accounts,
  • Low volume of transactions, low value of transactions and high cost of setting up an ATM. This machine contains card swipe facility and fingerprint scanner.
  • Micro ATMs would particularly help address the problems that people are facing in rural and semi-urban areas, where the ATM network is not as strong currently", Department of Economic Affairs Secretary
  • The customer can make various utility payments such as payment of electricity bill, water bill at the micro ATM
  • Micro ATMs are actually modified point of sales terminals (card swipe machine) through which a bank can remotely connect to the bank's core banking system using his debit card.
  • It is a card swipe machine with a fingerprint scanner attached to it. These machines are typically used by business correspondents (agents who represent banks in rural areas) of banks to connect customers

Domestic Money Transfer

Transferring funds from your Account is very simple and convenient


Biztech brings to you an ICICI Money Transfer, an exciting Money Transfer Service in partnership with ICICI Bank. Now you can enroll as an exclusive ICICI Business Correspondent Distributor / Agent and change the way you do business!

In all major cities and towns, there is a sizeable migrant population that would like to remit money to their family and friends, regularly; workers employed in large infrastructure & building sites, lorry drivers, workers in factories & mills, etc., form a major chunk of such migrant population. Further, with greater awareness about the importance of education, more and more people are sending their wards to distant boarding schools & colleges and these students too need to receive money regularly, for their sustenance.

Traditional modes, like, Money Order, Demand Draft, etc., do have certain limitations, like, higher service charge, larger turn-around-time, dependency on availability of beneficiary, risk of loss, etc.

In order to cater to the requirements of these people and to offer a solution that is devoid of the lacunae cited above, some banks have adopted Mobile-enabled Domestic Money Remittance Service that is simple, swift & secure. It has been so designed as to take advantage of the latest developments in the banking space, like, every village having over 2,000 population having been covered under Financial Inclusion (and, below 2,000 villages also are being covered during the current FI), high levels of Mobile Phone penetration, greater popularity of the NEFT System of RBI, positive regulatory environment, etc.

Under the Domestic Money Remittance Service, a Retail outlet or Agent (Called a Business Correspondent or BC Agent) would be able to facilitate remittance of money by a Depositor into the Beneficiary’s bank account, at any Bank Branch, across India; the money would get credited into the Beneficiary’s bank account through the IMPS System.

Benefits for Customer
  1. Create preparedness approximately savings.
  2. Give advice to villagers, roughly how to save/invest maintenance and how to arrange/run loans.
  3. Help the villagers to way in the bank accounts.
  4. Collect take in the future applications, run them to the bank.
  5. Preliminary paperwork of assisting applications
  6. Help the Self Help Groups (SHG), to profit loans.
  7. Help the bank to collective EMIs and recover remodel child support.
Highlights
Any person holding a Mobile Phone would be able to remit money into the bank account of a Beneficiary (say, a family member or friend), holding the account at any bank branch, across the country A Depositor can register 3 number of Beneficiaries
  1. Limit on Fund Transfer per transaction Rs. 5000
  2. Limit on Fund Transfer per month, Rs. 25000
  3. Minimum Transaction Amount Rs. 100
The following terms are used interchangeably but they mean the same:
Commonly used Also means What it means?
Business Correspondent Distributor (BCD) Corporate BC Distributor A Business Correspondent Distributor (BCD) are companies like us appointed by the Bank, to render last mile banking services to the customers. They are eligible entities to act as BCDs on the guidelines issued by Reserve Bank of India (RBI) and vetted by the Bank after proper due diligence.
Business Correspondent Agents (BCA) Customer Service Points (CSP) Retail Outlets Shop BC Agents (BCA). An individual or a retail outlet or some other approved entities could act as a BC Agent (BCA). They are identified by us and approved by the partner bank.
As the term BC is generally confused between Business Correspondent Distributor ( BCD ) and Business Correspondent Agent (BCA), we have not used that word ‘BC’ in our terminology
Becoming an ICICI Business Correspondent Distributor / Agent is a very simple process.
What do we provide?
  1. Regulations Approved Business Model
  2. Relationship with Banks
  3. Negotiated rates with Banks
  4. Settlement with Banks
  5. Technology for Mobile phone based money remittance Mobile Gateway
  6. Integration with National Payments Gateway
  7. Process & Systems for domestic money remittance

    (DMR)

Apply For

Just need few steps to start money transfer business software in India

Scope of activities to be undertaken by BC
  • Creating awareness about savings and other products.
  • Identification of potential customers and

    know how to apply for business correspondence in bank

  • Agency KYC will be submited by the BC for those who can
    apply for bank bca
    .
  • The BC agent will be authorized for money tranfer and cash withdrol through micro ATM
  • The

    Business Correspondents

    shell follow rules and regulation set by bank
  • Educate appointed agents of BCs, BCS to understand care of reputational risks on the go
  • Furnishing of mini account statements and other account information, for a period of 3 months.
  • If any other service on behalf of the Bank, duly authorized by the appropriate authority.
Eligibility to become a Business Correspondent
  • NGOs/ MFIs set up under Indian Societies/ Trust Acts.
  • Societies registered under mutually aided co-op. societies (MACs) Act or the Coop. Acts of States.
  • Section 25 companies.
  • Retired Bank employees
  • Retired Govt. Employees.
  • Individual kirana/ medical/fair price shop owners.
  • Individual Public Call Office (PCO)
  • Agents of small savings schemes of Government of India/ Insurance Companies.
  • Individual who own petrol pumps.
  • Retired teachers.
  • Authorized functionaries of well run Self Help Groups (SHGs) linked to banks.
  • Individual member of Farmer's Clubs.
  • Individual operators of Rural Multipurpose kiosks/ Village Knowledge Centres
  • Individuals/ proprietors/ owners who manage Agri Clinics/ Agri Business Centres.
  • Retired Post Masters.
  • Individuals such as auto dealers, tractor dealers and FMCG stockiest.
  • Insurance agents including of private insurance companies (IRDA certified) and postal agents.
  • Individuals operating Common Services Centres (CSCs) established by Service Centre Agencies (SCAs) under the National e-Governance Plan (NeGP).
  • Any other individual considered suitable by the selection committee.
Functions available includes
  • eKYC for Wallet and Virtual Visa Card.
  • Opening Wallet for customers.
  • Cash withdrawals using Repay Cards
  • Aadhaar Enabled Payment System (AEPS)
  • Cash withdrawals from any Bank Accounts.
  • Money Transfer Services
Who can apply for micro ATM
  • Non-Governmental Organisations(NGOs)
  • Self Help Groups (SHGs),
  • Micro Finance Institutions (MFIs)
  • Any individuals
  • medical stors and other shop owners
  • Insurance agents
  • Panchayats farmers’ clubs
  • Community based organizations
  • Cooperatives societies
  • Village Knowledge Centers,
  • Agree Clinics/ Agree Business Centers,
  • Krishi Vigyan Kendras
  • Khadi and Village Industries units
  • Civil Society Organizations (CSOs)
What are the benefits of using Micro ATM
  • Offer banking services any where in the remote area using Micro ATM
  • low cost option for the existing ATM
  • It is portable device
  • Easy to carry,
  • easy to setup anywhere in the remote area
  • Inter operable device
  • you can work for any bank
  • Useful to help people
  • Best during demonetization process
White label Solution
  • In Software Terminology

    White Label

    means a Readymade System with your Brand name .
  • Let’s Simplified a bit White Label System is created with deep research.
  • It just lakes your branding ready to hit growing
    the domestic money transfer market.
  • Saves huge redundant Development Cost, Time and Management with Solution sharing among the most common clients.
Features of Money Transfer White Label Solution
  • Ready Solutions which is developed by expert team of developers so, No Need To Hire Developers.
  • Servers are delicately managed by expert Data Management team So No Need for data Management.
  • Transactions are processed with Class edge so you can process up to 600 transactions in a Second.
  • No Need For additional Maintenance of vendors or Service Providers
Scope of activities of Money Transfer Distributor
  • Creating awareness about savings and other products.
  • Identification of potential customers and
    know how to apply for business correspondence in bank
  • Agency KYC will be submited by the BC for those who can

    apply for bank bca.

  • The BC agent will be authorized for money tranfer and cash withdrol through micro ATM
  • The technology used to distribute these services to retail is unmatched. We make our services available through our channel partners, using a variety of dispensation modes, to suit the budget of a Retailer.
  • Money transfer Distributor
    you can dispense services like Mobile recharges, Bill Payments, DTH/TV recharges, Hotel bookings, Broadband recharges, Movie tickets, Mobile Wallet top-ups, Airline tickets, Indian Railways Tickets (IRCTC), etc
  • Money transfer business software
    provides reliable and prompt support for all its services to its channel partners. Our team and customer service representatives are available round the clock to cater to your needs.
Who can apply for money tranfer distributor
  • Any mobile recharge distributor
  • Self Help Groups(SHGs)
  • Micro Finance Institutions(MFIs)
  • medical stors and other shop owners
  • Insurance agents
  • Panchayats farmers’ clubs
  • Community based organizations
  • Cooperatives societies
  • Village Knowledge Centers,
  • Agree Clinics/ Agree Business Centers,
  • Krishi Vigyan Kendras
  • Civil Society Organizations (CSOs)
Scope of activities of business correspondence agent
  • A

    money-transferring agency

    transfers monies between two separate parties.
  • The criteria for starting such
    online money transfer agency
    varies by state.
  • Transferring agency. Requirement's often include, but are not limited to, a minimum net worth and a surety bond.
  • The
    domestic money transfer agency
    offers a colossal opportunity for individuals to become

    money transfer agent.

  • The online

    money transfer agency

    provides huge earning potential in terms of commissions.
  • money transfer business is very high resulting into huge profits for the agents.
Who can apply for money tranfer agency
  • Non-Governmental Organisations(NGOs)
  • Self Help Groups (SHGs),
  • Micro Finance Institutions (MFIs)
  • Any individuals
  • medical stors and other shop owners
  • Insurance agents
  • Panchayats farmers’ clubs
  • Community based organizations
  • Cooperatives societies
  • Village Knowledge Centers,
  • Agree Clinics/ Agree Business Centers,
  • Krishi Vigyan Kendras
  • Khadi and Village Industries units
  • Civil Society Organizations (CSOs)
Money Transfer API
  • API Allows to Use system features without creating or generating
  • Resources or Setting up Dedicated Environment to

    money transfer API provider

  • API money transfer

    Makes Shows Your Business Environment smoother
  • Entire system users to explore additional Services For same.
  • Advance management through Web Interface.
  • Money remittance API

    gives benefit of Cost sharing to Buyer as the Buyer avails all Service benefit
  • High commission Money transfer API
    and Utilizes Resources.
  • Same DMR API for any Number of Production Environments as well.
  • Fastest transaction processing capacity of 1000 transactions persecond, Best In industry
Let's Start

Money Transfer Business

Opportunity for

Money Transfer Agents

Distributer white label API

FAQ

  • What is Domestic Money Remittance (DMR) Service’?
    • Domestic Money Remittance (DMR) Service’ means sending money within India. Under our ‘Domestic Money Remittance (DMR) Service’ , any person holding an active Mobile Phone Number (“Depositor”) will be able to remit money to a Bank Account-holder having an active Mobile Phone Number (“Beneficiary”), conveniently through the Customer Service Points (CSP) / Retail Outlets / Business Correspondent Agents (BCA) / Customer Service Points (CSP) / Retail Outlets / Business Correspondent Agents (BCA) / BC Agents, subject to certain limits. (i.e., Cash-to-Account remittance is being facilitated)
  • What are the benefits of Domestic Money Remittance Services to the general public?
    • a) Any person, holding a Mobile Phone, can remit money
      b) Any other person holding a bank account anywhere in India can receive money.
      c) It is convenient, cost-effective, swift & secure
      d) No need to visit a Bank for depositor (sender) or beneficiary (receiver)
      e) Real time SMS alert for both sender and receiver
      f) Settled through RBI and Bank approved system
      g) No cost for recipient / beneficiary
  • Who is the Depositor?
    • The Depositor is the one who remits the money to the Beneficiary.
  • Should the Depositor hold a Bank Account?
    • Not necessary; however, even if he / she holds a Bank Account, then also he / she can avail of the DMR Service.
  • Is it necessary for the Depositor to hold an active Mobile Phone Number?
    • Yes. The Depositor would be able to register the Beneficiary only through the Depositor’s Mobile Phone Number, which would get registered at the time of Depositor Registration.
  • Who is a Beneficiary?
    • A Beneficiary is the recipient of the money being remitted by the Depositor.
  • Should the Beneficiary hold a bank account?
    • Yes. A Beneficiary should necessarily hold a bank account, to receive the money through DMR Service.
  • Whether the Beneficiary needs to hold the account with the same Bank?
    • No. The Beneficiary can hold the account with any bank; the only requirement is the Branch should be participating in IMPS – i.e., should have an IFSC number allotted – Indian Financial System Code
  • Should the Beneficiary hold an active Mobile Phone Number?
    • Yes. Only if the Beneficiary holds an active Mobile Phone Number, the transaction completion alert could be sent to the Beneficiary, helping the Beneficiary understand that money has been credited to the Beneficiary’s account by the Depositor.
  • Whether the Beneficiary needs to pay any charges?
    • No. The Beneficiary need not have to pay any charges. The Beneficiary’s bank account would be credited with the remittance amount through NEFT or IMPS System.
  • What is NEFT Service’?
    • NEFT is the abbreviation for ‘National Electronic Fund Transfer’, a convenient mode of Fund Transfer facility that has been enabled by the Reserve Bank of India; almost all the major Branches of banks offer NEFT Service to their customers. Through the NEFT Service, a customer would be able to send money to another person, holding account at a different Branch of the same bank or a different bank, within the same location or any other location, where the Branch concerned participates in offering NEFT Service.
  • What is IMPS?
    • IMPS stand for ‘Interbank Mobile Payment Service’; it is also known as “Immediate Payment Service”. It is an interbank electronic instant mobile money transfer service through mobile phones in India. IMPS offers an instant, 24X7, interbank electronic fund transfer service through mobile phones. IMPS facilitate customers to use mobile instruments as a channel for accessing their bank accounts and put high interbank fund transfers in a secured manner with immediate confirmation features.
  • Who is a Business Correspondent Distributor, Corporate BC or BCD?
    • A Business Correspondent are companies like us (Joshi Biztech Solutions Limited), appointed by the Bank, to render last mile banking services to the customers. An individual or a Corporate or some other approved entities could act as a BC; a Corporate BC can, in turn, appoint Customer Service Points (CSP) / Retail Outlets / Business Correspondent Agents (BCA) / BC Agents. Joshi Biztech Solutions Limited (JBSPL) is one of the Business Correspondents of ICICI Bank.
  • Who is a Business Correspondent Agent or a BC Agent?
    • A BC Agent is the one appointed by the Corporate BC (companies like us), with the approval of the Bank, to render the banking services, at the field-level, to the customers of the Bank. A BC Agent is also being referred to as a Customer Service Point (CSP) / Retail Outlets / Business Correspondent Agents (BCA) / BC Agents.
  • What are the criteria to be fulfilled, to become a BC Agent (BCA) / Customer Service Point (CSP) / Retail Outlets / Business Correspondent Agents (BCA)?
    • a) Should submit a valid Identity Proof Document – PAN, Voter ID, Driving License, Passport or any other valid document carrying the name and photograph of the applicant
      b) Should submit a valid Address Proof Document – Voter ID, Driving License, Passport or any other valid document carrying the name and address of the applicant
      c) Should submit a valid document for Age Proof – SSLC / HSc certificate, School Transfer Certificate, etc.
      d) Should have passed at least SSLC / X Standard
      e) Should have a Mobile Phone Number (Preferably, this number should not be changed frequently)
      f) Should be conversant with SMS – Should be able to understand SMS & send SMS
      g) Should have sufficient Working Capital to cater to the needs of the Depositors
  • Why a BC Agent / Customer Service Point (CSP) / Retail Outlets / Business Correspondent Agents (BCA) should have Working Capital?
    • Our Domestic Money Remittance (DMR) Service is following double-entry accounting system, wherein, for each credit entry, there should be a corresponding debit entry. Hence, when a Depositor wants to initiate a remittance transaction by handing over the requisite cash to the BC Agent, the BC Agent’s account is debited and the Beneficiary’s account is credited through the NEFT / IMPS system; in order to cover the amount paid by the Depositor, the BC Agent should maintain sufficient Working Capital, in the form of account balance with the BC.
  • Where a BC Agent / Customer Service Point (CSP) / Retail Outlets / Business Correspondent Agents (BCA) should maintain the Working Capital?
    • A BC Agent / Customer Service Point (CSP) / Retail Outlets / Business Correspondent Agents (BCA) should maintain sufficient Working Capital with the BC concerned.
  • A BC Agent / Customer Service Point (CSP) / Retail Outlets / Business Correspondent Agents (BCA) should maintain sufficient Working Capital with the BC concerned.
    • A BC Agent / Customer Service Point (CSP) / Retail Outlets / Business Correspondent Agents (BCA) can request the BC to remit the required money through Cheque or Net Banking / NEFT / RTGS or by cash.
  • What is the benefit of rendering the Domestic Money Remittance Service to the BC Agent / Customer Service Point (CSP) / Retail Outlets / Business Correspondent Agents (BCA)?
    • The BC Agent / Customer Service Point (CSP) / Retail Outlets / Business Correspondent Agents (BCA) can earn an attractive commission based on the amount being remitted by customer / sender: Please contact JBSPL Helpdesk Contact Numbers: 0278-6641010; 07359420007 or by email to hello@jbspl.comto get more details
  • How much Working Capital is required, to handle Domestic Money Remittance (DMR) worth Rs.1,00,000/- per day?
    • Ideally, a minimum of Rs.1,03,000/- is required. However, a BC Agent can initially manage even with a lower Working Capital, by frequently remitting the money collected from the Depositors to us. (JBSPL / BCD). For example, if a BC Agent / Customer Service Point (CSP) / Retail Outlets / Business Correspondent Agents (BCA) has a Working Capital of Rs.26,000/-, the BC Agent could enable five remittance transaction of Rs.5,000/- each; remit the money collected to the BC and again, enable further five such transactions; this way, the BC Agent can efficiently use the money remitted by the Depositors, to enable continuous remittance transactions and thereby, enhance his / her revenue.
  • Can a BC Agent / Customer Service Point (CSP) / Retail Outlets / Business Correspondent Agents (BCA) change his / her Address?
    • Yes.The BC Agent / Customer Service Point (CSP) / Retail Outlets / Business Correspondent Agents (BCA) should notify the us (JBSPL / BCD) of the change in Address; the BC Agent’s profile would accordingly be updated.
  • Can a BC Agent / Customer Service Point (CSP) / Retail Outlets / Business Correspondent Agents (BCA) change his / her Mobile Phone Number?
    • Yes. The BC Agent should notify us (JBSPL / BCD) of the change in the Mobile Phone Number; the BC Agent’s profile would accordingly be updated. Until the Mobile Phone Number is modified in the BC Agent’s Profile, the BC Agent cannot initiate any transaction related to DMR. Back to List of FAQs
  • To register a Depositor, what information needs to be collected from the Depositor?
    • a) Name of the Depositor
      b) Address of the Depositor
      c) Mobile Phone Number of the Depositor The above information should be captured in a Register, as per the format provided hereunder: Date Depositor Name Depositor Address Depositor Mobile Phone Number Back to List of FAQs
  • What would happen, if any, of the particulars regarding the Depositor were wrong or got erroneously registered?
    • a) If the Name or Address was wrong, then the Depositor’s Profile would contain erroneous information.
      b) If the Mobile Phone Number was wrong, then the Depositor cannot register the Beneficiary, necessitating fresh registration of the Depositor.
  • In case of erroneous registration of a Depositor, what needs to be done?
    • The BC Agent needs to send a fresh Depositor Request message, with the correct particulars of the Depositor.
  • Can the Depositor’s name be modified subsequently?
    • No. Once registered, the Depositor’s name shall continue to remain the same. In case the Depositor wanted a change in the name, then the Depositor can request for deletion of the earlier registration and could get registered as a Depositor, afresh.
  • The Depositor’s Address be modified subsequently?
    • Yes. The Depositor can call up Operations team at JBSPL and request for change of address; Operations team would return the call on the registered Mobile Phone Number of the Depositor, record the request in a separate Register meant for the purpose and effect necessary changes. (In due course, change of address request through SMS, using the Mobile Phone Number of the Depositor, would be enabled)
  • Can the Depositor’s Mobile Phone Number be changed subsequently?
    • No. If the Depositor had already discarded the old Number, then he / she can, afresh, register as a Depositor, using the new Mobile Phone Number. The earliest record of the Depositor would remain dormant. If the Depositor was holding the existing Mobile Phone Number, then he / she can notify the Operations team of JBSPL, of the intent to change the Mobile Phone Number; the Operations team would call back, on the existing Mobile Phone Number, to verify the veracity of the information; if found to be in order, the Operations team would delete the existing Depositor record and advise the Depositor to register afresh, by giving the required information, including the new Mobile Phone Number, to the BC Agent. Every time such new registration occurs, the Depositor has to register the Beneficiary / Beneficiaries afresh.
  • Who can register a Beneficiary?
    • A registered Depositor can only register a Beneficiary, using the Depositor’s registered Mobile Phone Number, by sending the relevant information through SMS.
  • To register a Beneficiary, what particulars need to be provided by the Depositor?
    • a) Name of the Beneficiary
      b) Beneficiary’s Bank Name
      c) Beneficiary’s Bank Branch Name
      d) Beneficiary’s Bank Branch IFSC number
      e) Beneficiary’s Account Number
      f) Beneficiary’s Mobile Number
  • Will the Beneficiary information be verified with the Beneficiary’s Bank?
    • No. At the time of registration, the information provided by the Depositor would alone be recorded. Only at the time of Remittance transaction, the message would reach the Beneficiary’s Bank, which would verify the correctness of the Beneficiary data, before crediting the amount to the Beneficiary’s account.
  • What will happen, if any, of the particulars related to the Beneficiary is wrong / erroneous?
    • If the Name, Bank, Branch, IFSC or Account Number were erroneous, the remittance transaction would get bounced; however, in case the erroneous entry matches with any other account / person, the amount would get credited to the unintended beneficiary, resulting in loss of money to the Depositor. In case the Mobile Phone Number of the Beneficiary was wrong, the SMS alert would either not get delivered or would reach an unintended Mobile Phone Subscriber, if the given Mobile Phone Number was held by anyone else.
  • In case of erroneous registration of a Beneficiary, what is the remedy available to the Depositor?
    • The Depositor needs to register the Beneficiary afresh, by providing the correct information.
  • Can a Depositor de-link any of the registered Beneficiaries?
    • Yes. For example, if the Depositor wants to de-link Beneficiary number 3 of the table of five Beneficiaries linked to the Depositor, the Depositor can call up the Operations Team of JBSPL; the Ops Team would return the call, to ascertain the veracity of the request; if found in order, the JBSPL Team would delete the Beneficiary record concerned, from the Depositor’s Profile. (De-linking of Beneficiary through SMS would be enabled in due course of time)
  • What are the charges payable?
    • Currently, a Depositor would have to incur the charges based on a slab rate. The higher the amount the higher the fee in absolute terms (but less in percentage terms). Please contact JBSPL Helpdesk Contact Numbers: 0278-6641010; 07359420007 or by email to hello@jbspl.com to get more details Note: The charges are subject to change, from time-to-time, at the sole discretion of ICICI Bank Ltd. Customer Service Points (CSP) / Retail Outlets / Business Correspondent Agents (BCA) / BC Agents should collect the charges from the Depositors only to the extent permitted by ICICI Bank Ltd
  • When will the Depositor come to know about the status of the Remittance transaction?
    • Remittances transactions would be processed in batches, at the Bank side; the Reserve Bank of India pushes the transaction to the Beneficiary’s Bank through the NEFT system and the Beneficiary’s Bank requires certain lead time, to process the transaction. Thus, for a remittance transaction initiated in the forenoon, the status of the transaction would be available in the same day evening; otherwise, the status may be known by the next working day. However, in the case of IMPS, if the transaction is successful and there was no connectivity issue, the confirmation message would be received immediately.
  • How the Depositor will get to know about the status of the Remittance transaction?
    • a) Upon successful initiation of the Remittance request, both the Depositor and the BC Agent concerned would get the response SMS, along with the Transaction Reference Number.
      b) Upon getting the NEFT Response File from RBI, through the Bank, for the successful transaction, the Depositor & Beneficiary would be notified through SMS, of the status of the Remittance transaction, giving the Transaction Reference Number.
      c) In the case of IMPS transaction, both BC Agent and the Depositor would be notified, immediately upon successful completion of the transaction. In case of ‘Time-out’ at NPCI, ‘Confirmation Awaited’ message would be sent to both BC Agent and the Depositor.
      d) If the Remittance transaction got returned, in the response SMS, the Depositor would be advised to approach the nearest BC Agent, to claim the Refund.
  • In case a remittance got returned, how the Depositor can get the money back?
    • Upon receiving the failure notification through SMS, the Depositor can approach the nearest BC Agent appointed by the Bank; ascertain as to whether the BC Agent holds sufficient cash, to refund the money due to the Depositor; if that BC Agent did not have sufficient cash, the Depositor can approach another BC Agent. The Depositor has to initiate the Refund Request, in the prescribed format and once the Refund Request is successfully processed, the Depositor and the BC Agent concerned would get the notification through SMS; the Depositor can get the money from the BC Agent.
  • In case of return of the Remittance transaction, whether there would be any charges to the Depositor?
    • In order to promote this highly convenient, customer-friendly mode of remittance, the Bank has, at present, decided to waive the return charges; besides, the Bank has also decided to refund the Remittance charges originally levied. However, this is subject to change from time-to-time, at the sole discretion of the Bank.
  • What are the Transaction Limits?
    • Currently, a Depositor can remit a minimum of Rs.100/- and a maximum of Rs.5,000/- per Transaction. A Depositor can remit a maximum of Rs.25,000/- per month Please contact Jbspl Helpdesk Contact Numbers: 02786641010; 07359420007 or by email to hello@jbspl.com to get more details
  • Can a Depositor remit Rs.25,000/- on a single day itself?
    • Yes. A Depositor can remit to the tune of Rs.25,000/- either on a single day or during a calendar month; however, the maximum limit permitted is Rs.25,000/- per month.
  • Are there any limits for the Beneficiary?
    • Currently, a Beneficiary would be able to receive a maximum of Rs.25,000/- from a single Depositor. If more than one Depositor has registered the same Beneficiary, then the Beneficiary would be able to receive to the extent of Rs.25,000/- from each such Depositors.
  • How many Beneficiaries could be registered by a Depositor?
    • A Depositor can register Total 8 of Beneficiaries in a calendar Year.
  • Can a Beneficiary be registered by more than one Depositor?
    • Yes. More than one Depositor can register the same Beneficiary.
  • Can a Depositor be a Beneficiary of another Depositor?
    • Yes. A Depositor could be registered as a Beneficiary by another Depositor.
  • Can a Beneficiary be a Depositor as well?
    • Yes. A Beneficiary could register himself / herself as a Depositor.
  • Can a BC Agent be registered as a Beneficiary?
    • Yes. A BC Agent can also be a Beneficiary.
  • Can a BC Agent be registered as a Depositor?
    • Yes. A BC Agent can also register himself / herself as a Depositor.
  • Who can register a BC Agent & how?
    • We (JBSPL / BCD) can register a BC Agent, duly obtaining the approval of the Bank. The prospective BC Agent has to duly fill-up an Application Form for the purpose.
      A BC Agent can register a Depositor, using the registered Mobile Phone Number of the BC Agent. Please contact JBSPL Helpdesk Contact Numbers: 02786641010; 07359420007 or by email to hello@jbspl.com to get more details.
  • Who can register a Beneficiary & how?
    • A Depositor can register a Beneficiary, using the registered Mobile Phone Number of the Depositor. Please contact JBSPL Helpdesk Contact Numbers: 02786641010; 07359420007 or by email to hello@jbspl.com to get more details.
  • Should Depositors be registered only individually by the BC Agent?
    • Not necessarily; in case of bulk registration of Depositors – Example: A Labor Contractor, who is also acting as a BC Agent, registering many workers under him as Depositors – the Depositors’ information could be provided in a Spreadsheet, as per the format provided hereunder, to us to upload the same into its System. Please contactJBSPL Helpdesk Contact Numbers: 02786641010; 07359420007 or by email to hello@jbspl.com to get more details
  • Should the Beneficiaries be registered only individually by the Depositors?
    • Not necessarily; in case of bulk registration – Examples: Workers of a Labor Contractor, who are registered as Depositors, wanting to register their family members as Beneficiaries; A Labor Contractor acting as a Depositor and registering all his workers as Beneficiaries – the Beneficiaries’ information could be provided in a Spreadsheet, as per the format provided hereunder, for CIGS to upload the same into its System. Please contact JBSPL Helpdesk Contact Numbers: 02786641010; 07359420007 or by email to hello@jbspl.com to get more details
      Depositor Mobile No.
      Beneficiary Name
      Beneficiary Bank Name
      Beneficiary Bank Branch
      IFSC Number Account Number
      Beneficiary Mobile No.
  • Should the remittance transaction be initiated individually alone by a BC Agent?
    • Not necessarily; in case of bulk remittance – Examples: Workers of a Labor Contractor remitting money to their family members, on the day of wage settlement; a Labor Contractor remitting money to his workers, who are registered as Beneficiaries – the remittance information could be provided in a Spreadsheet, as per the format provided hereunder, for JBSPL to upload the same into its System. Please contact JBSPL Helpdesk Contact Numbers: 02786641010; 07359420007 or by email to hello@jbspl.com to do bulk upload of remittance transaction. BC Agent Mobile No. Depositor Mobile No. Beneficiary IFSC Number Beneficiary Account Number Remittance Amount Charges Total Amount
  • How to contact Joshi Biztech Solutions Limited (JBSPL)? Address for communication
    • Joshi Biztech Solutions Limited 306, Aristo Complex, Waghawadi Road, Bhavnagar – 364001, Gujarat, India
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