RBL Money Transfer Service (BC Agent)
Oxygen in conjunction with Ratnakar Bank have launched a new money transfer service. This would enable customers to be able to transfer up to Rs 25,000 without KYC and up to Rs 2, 00,000 with KYC.Oxygen is working with Ratnakar Bank to enhance its base of Money Transfer Agents. The retailers who sign up for this service become Ratnakar Bank Business Correspondent Agents after RBL’s approval. These retailers would be permitted to make Electronic Fund Transfer/Money Transfers on behalf of customers enabling them to do remittance to any bank using IFS code and Bank account number.