JoloSoft is leading fastest growing API provider of money transfer in India. We provide payout, settlement, money transfer, withdraw api service in India. We help businesses to ease out their payout needs. We provide IMPS based payout API service which is used to send money to any bank account in India instantly 24x7. It is regulated by R.B.I (Reserve Bank of India) and processed by different private and public sector banks in India including payments banks having legal license from R.B.I. Banks utilizes the Business Correspondent (BC) model to bring the transaction touch-point closer to set of customers that is available even at non-banking hours. The money, received by the BC agent , is transfer processed by the Bank using Immediate Payment service (IMPS) technology.
By using Jolo Cloud Money Transfer API, you can able to use money transfer service in your website or mobile application which will be used by your customer/agent/partner to process money in any bank account in India.
We also provide dedicated and customized payout api for all types of legal businesses in India.
Popular use case of our payout API:
SALARY DISBURSEMENT
REIMBURSEMENT
BONUS
INCENTIVE
Bank Account Check is one of our important service that you must use in your website or mobile application for verifying bank account before sending money. This service is also processed by different private and public sector banks in India including payments banks having legal license from R.B.I.
By using Jolo Cloud Bank Account Verification API, you can also provide it in your website or mobile application which will be used by your customer/agent to verify bank account in India. Methodology is very simple, it sends Re.1 to bank account to check bank account is active or not. If its active then account holder name of bank account is provided to end user. It also confirms whether money is going in correct bank account or not. It prevents fraud, save time & as well as money.
| Gateway Type | Free Plan (free) |
Beginner Plan (Rs.3,540/year incl. gst) |
Professional Plan (Rs.7,080/year incl. gst) |
Business Plan (Rs.42,480 one time incl. gst) |
|---|---|---|---|---|
| Corporate Gateway* | View Fee | View Fee | View Fee | View Fee |
| Gateway Type | Unlimited Plan (Rs.59000 one time incl. gst) |
|---|---|
| Unlimited Gateway * | View Fee |
* D.M.T Guidlines are applicable on all gateways & plans as per R.B.I norms.
* In Unlimited gateway, you can transfer any amount from 0 to 2 lakh per transfer. There is no monthly, yearly or beneficiary limit. No need to add agents, beneficiary before transfer. No OTP required. You can transfer payment directly with 1 link using bank account and ifsc code.
* In Corporate gateway, you can transfer any amount from 100 to 5,000 per transfer. There is Rs.50,000 monthly limit per mobile. You need to add agents, beneficiary before transfer. OTP is required.
| Gateway Type | * Fixed fee for all plan |
|---|---|
| Corporate | Rs.2 |
| Unlimited | Rs.2 |
* Fee mentioned above are exlusive of GST (18%)