Question 1

Is any service charge associated with Instant Money Transfer?

Accepted Answer

Yes, there is a basic service charge associated with Instant Money Transfer. The sender will be charged INR 25 on every money transfer they initiate.

Question 2

Is there any limit on the amount of money one can transfer under the Instant Money Transfer method?

Accepted Answer

Yes, the sender can send up to INR 10,000 per transaction, while the receiver can receive up to INR 25,000 per month.

Question 3

Are there any time constraints for Instant Money Transfer?

Accepted Answer

Yes, there is a set expiry date for every instant money transfer. The receiver cannot withdraw money once the money transfer request expires. In such a case, the sender will have to initiate a fresh transfer.

Question 4

When is Instant Money Transfer most preferred?

Accepted Answer

You can opt for instant money transfer when you prefer cash payments over online payments or when you need cash urgently. You can also utilise this fast money transfer facility if you do not have the bank account details of the receiver.

Question 5

How will I know if my beneficiary has received the fund transfer?

Accepted Answer

Both you and your beneficiary will get an SMS notification stating the fund transfer is completed. Your bank also sends you a notification informing you of your account balance post the fund transfer.

Instant Money Transfer

Instant Money Transfer

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Instant Money Transfer

Frequently Asked Questions

Related Links

Savings Account

Samsung Pay

Airtel Broadband Bill Payment

Online Electricity Bill Payment

Open digibank Savings Account & get ₹250* Amazon voucher

Our Products

Need Help?

Interest Rates & Calculators

Others

Download digibank

Useful Links

Markets

Airtel Broadband
Bill Payment

Online Electricity
Bill Payment