Banking Services

Domestic Money Transfer (DMT)

Fund transfers will now be made easy with Cash to Account. Carry in cash and walk-in to any Mobisafar CSP or select merchant establishments, fill in few details and have the money transferred to your loved ones, anywhere in the country.

Key Benifits

• Send money instantly
• Available 24x7x365
• Fund transfer can be done on Sundays and bank holidays
• Instant confirmation to sender via SMS
• Safe and secure transaction
• This service is available across all the bank branches
• Cost effective
• Safe and secure transaction
• Fund transfer to all the PSUs and Private Banks
• Free SMS alerts on every transaction
• Near doorstep remittance facility

Aadhaar Enabled Payment System (AEPS)

In order to further speed track Financial Inclusion in the country, Two Working Groups were constituted by RBI on MicroATM standards and Central Infrastructure & Connectivity for Aadhaar based financial inclusion transactions with members representing RBI, Unique Identification Authority of India, NPCI, Institute for Development and Research in Banking Technology and some special invitees representing banks and research institutions.

The working group on MicroATM standards & Central Infrastructure & Connectivity has submitted its report to RBI. As a part of the working group it was proposed to conduct a Lab level Proof of concept (PoC), integrating the authentication & encryption standards of UIDAI, to test the efficacy of MicroATM standards and transactions using Aadhaar before they are put to actual use. The PoC was successfully demonstrated at various venues

AePS is a bank led model which allows online interoperable financial inclusion transaction at PoS (MicroATM) through the Business correspondent of any bank using the Aadhaar authentication.AePS allows you to do six types of transactions.

The only inputs required for a customer to do a transaction under this scenario are:-

• IIN (Identifying the Bank to which the customer is associated)
• Aadhaar Number
• Fingerprint captured during their enrollment

Objectives

• To empower a bank customer to use Aadhaar as his/her identity to access his/ her respective Aadhaar enabled bank account and perform basic banking transactions like cash deposit, cash withdrawal, Intrabank or interbank fund transfer, balance enquiry and obtain a mini statement through a Business Correspondent
• To sub-serve the goal of Government of India (GoI) and Reserve Bank of India (RBI) in furthering Financial Inclusion.
• To sub-serve the goal of RBI in electronification of retail payments.
• To enable banks to route the Aadhaar initiated interbank transactions through a central switching and clearing agency.
• To facilitate disbursements of Government entitlements like NREGA, Social Security pension, Handicapped Old Age Pension etc. of any Central or State Government bodies, using Aadhaar and authentication thereof as supported by UIDAI.
• To facilitate inter-operability across banks in a safe and secured manner.
• To build the foundation for a full range of Aadhaar enabled Banking services.

Services Offered by AePS

• Cash Withdrawal
• Cash Deposit
• Balance Enquiry
• Aadhaar to Aadhaar Fund Transfer
• Mini Statement
• Best Finger Detection

Micro ATM (MATM)

Mobisafar’s vision is to build a wide-spread public banking services infrastructure that makes quality banking services not just available, but more accessible to common citizens in urban and rural India. This is part of Mobisafar’s mission to bridge the gap between availability and accessibility to simple banking services for common citizens. Today Mobisafar CSP’s network of micro ATMs is spread across 24 states in the country.

Services offered at an Mobisafar Micro ATM

• ATM transactions: The Mobisafar micro ATM centres support all transactions which can be normally conducted at a Bank’s regular ATM
• Access to Direct Benefit Transfers of Government : Customers can now more easily access Direct Benefit Transfers of Government Welfare schemes into their accounts through the Mobisafar Micro ATM in the neighbourhood
• Service requests: Various account servicing requests such as balance enquiry, can be done at the Mobisafar micro ATM, putting banking services within easy reach of customers
• Get up to 10 Rs per Transaction

QR ATM

The unified payments interface or the UPI is an interface via which you can withdraw money from bank accounts across a single window. Mobisafar is providing an option to easily withdraw money from bank account by just scanning a dynamic QR code from different UPI apps like Google Pay, Phone Pay, Paytm etc.

Yes Bank Virtual Prepaid Card (Powered by Rupay)

Mobisafar’s vision is to build a wide-spread public banking services infrastructure that makes quality banking services not just available, but more accessible to common citizens in urban and rural India. This is part of Mobisafar’s mission to bridge the gap between availability and accessibility to simple banking services for common citizens. Today Mobisafar CSP’s network of micro ATMs is spread across 24 states in the country.

Indo Nepal Money Transfer

A convenient and reliable way to transfer funds to Nepal with Mobisafar. Mobisafar CSP can transfer funds to Nepal in just few clicks and provide benefits to consumers of Nepal by transferring the salaries and wages to the families situated in Nepal.