Money Transfer Features
Domestic Money Transfer Service (DMTS) lets anyone, who carries in cash, to transfer the amount to anyone’s account with in India. It is a process for instant money transfer, which is hassle free, safe and fast.
ezyreach.in provides its customer different bank API for safe and secure domestic money transfer through our robust and advanced platform. IMPS (Instant Money Transfer) and NEFT (receives credit in 4 hrs) are the two mode of transaction which is used in the platform for Domestic Money Service.
Immediate Payment Service (IMPS) is a payment service which makes the money transfer process instant. IMPS works as an electronic money transfer platform. It allows it users to transfer fund immediately without any hassle by making the process fast and secure.
It is the most widely used service for fund transfer in today’s life as it is instant, easy and secure. It works 24*7 including Saturdays, Sundays and all national holidays. IMPS also works as an electronic money transfer system for the interbank transaction.
National Electronic Funds Transfer (NEFT) is a payment system that is used for transferring money from one to one from any bank to any other bank with in India. In NEFT the transaction happens within banks of the sender and receiver.
NEFT is easy and secure process for transferring funds. It takes 3-4 hours for completing the transaction. It works online as well as offline also. It works only banking hours and closed on bank holidays. It has a higher limit than IMPS for transferring fund.