Fund Transfer API

The Fund Transfer API enables ERP platforms to initiate single or bulk payouts to vendor bank accounts via Open.

Note :

  • Please Find Enterprise Connected Banking Error Code Details here
  • Always perform the balance fetch before initiating a transfer to avoid failures due to insufficient balance.

Below are the bank timings and limits for the different transfer modes from ERP's Connected Banking platform.

Transfer ModeAmount LimitProcessing Hours
IMPSUpto ₹5 lakhs (per transaction)Credited immediately on all days 24x7.
NEFTUpto ₹2 lakhs (per transaction)Credited within 2 hours between 8:30 a.m. and 6:30 p.m. on NEFT working days.
RTGSMore than ₹2 lakhs (per transaction)Credited within 30 minutes between 7:30 a.m. and 5:00 p.m on RTGS working days.

NEFT/RTGS working days - All days except 2nd Saturdays and Sundays and all NEFT/RTGS working days.

Fund Transfer Transaction Types:

Fund Transfer Transaction Types

transaction_types_idname
2NEFT
3RTGS
4IMPS