Ratnakar Bank Money Transfer Agent

Can you tell me about the Transaction Fees charged by Oxigen Services India Pvt. Ltd, which is the RBL or Ratnakar Bank Limited Money Transfer Service (BC Agent)?

[pawan]

Oxigen Services India Pvt. Ltd., powered by 12 years of service excellence in the digital business of micro payments of services and remittances in a ‘real time’ environment is India's Largest Payments Solutions Provider.

It has joined hands with India's biggest banks like State Bank of India, ICICI Bank and recently Ratnakar Bank to deliver a host of banking services across India.

RBL Money Transfer Service (BC Agent)

Oxigen in conjunction with Ratnakar Bank have launched a new money transfer service. This would enable customers to be able to transfer up to Rs 25,000 without KYC and up to Rs 2, 00,000 with KYC.

Oxigen is working with Ratnakar Bank to enhance its base of Money Transfer Agents. The retailers who sign up for this service become Ratnakar Bank Business Correspondent Agents after RBL's approval. These retailers would be permitted to make Electronic Fund Transfer/Money Transfers on behalf of customers enabling them to do remittance to any bank using IFS code and Bank account number.

Transaction Fees

Transaction Amount Min Customer Charge
0-5,000 10 1.5% of Transaction Amount
5001-10,000 Rs 100
10,001-15,000 Rs.150
15,001-20,000 Rs.200
20,001-50,000 Rs.250
Maximum Limit Per Transaction: 5000
Maximum Limit per month per remitter: 25000

Benefits for Retailers
• Instant Transfer to more than 100 banks using IMPS (Interbank Mobile Payment System).
• NEFT Transfer to more than 170 banks.
• Service available on all days including on National and Bank Holidays.
• Extended banking hours.
• Earning potential on all transactions.
• Transfer up to Rs 25,000 without KYC and up to Rs 2, 00,000 with KYC.


RBL Money Transfer Service (BC Agent)