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Domestic Money Remittance

Domestic Money Remittance

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Mobile Money Transfer


Transferring funds is very simple and convenient

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


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.
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


Who can apply for
  1. Non-Governmental Organisations(NGOs)
  2. Self Help Groups (SHGs),
  3. Micro Finance Institutions (MFIs)
  4. Any individuals
  5. medical stors and other shop owners
  6. Insurance agents
  7. Panchayats farmers’ clubs
  1. Community based organizations
  2. Cooperatives societies
  3. Village Knowledge Centers,
  4. Agree Clinics/ Agree Business Centers,
  5. Krishi Vigyan Kendras
  6. Khadi and Village Industries units
  7. Civil Society Organizations (CSOs)
Eligibility to become a Business Correspondent
  1. NGOs/ MFIs set up under Indian Societies/ Trust Acts.
  2. Societies registered under mutually aided co-op. societies (MACs) Act or the Coop. Acts of States.
  3. Section 25 companies.
  4. Retired Bank employees
  5. Retired Govt. Employees.
  6. Individual kirana/ medical/fair price shop owners.
  7. Individual Public Call Office (PCO)
  8. Agents of small savings schemes of Government of India/ Insurance Companies.
  9. Individual who own petrol pumps.
  10. Retired teachers.
  11. Authorized functionaries of well run Self Help Groups (SHGs) linked to banks.
  1. Individual member of Farmer's Clubs.
  2. Individual operators of Rural Multipurpose kiosks/ Village Knowledge Centres
  3. Individuals/ proprietors/ owners who manage Agri Clinics/ Agri Business Centres.
  4. Retired Post Masters.
  5. Individuals such as auto dealers, tractor dealers and FMCG stockiest.
  6. Insurance agents including of private insurance companies (IRDA certified) and postal agents.
  7. Individuals operating Common Services Centres (CSCs) established by Service Centre Agencies (SCAs) under the National e-Governance Plan (NeGP).
  8. Any other individual considered suitable by the selection committee.
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.
Functions available includes
  • eKYC for Wallet and Virtual Visa Card.
  • Opening Wallet for customers.
  • Cash withdrawals using Repay Cards
  • Cash withdrawals from any Bank Accounts.
  • Money Transfer Services
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.
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.
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
Domestic Money Remittance

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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