Oxigen Money Transfer Service
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RBL Money Transfer Service (BC Agent)


Oxigen 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.


Oxigen 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.


Benefits for Retailers

  • Instant Transfer to more than 100 banks using IMPS (Interbank Mobile Payment System).
  • NEFT Transfer to more than 170 banks.
  • Service available on all days including on National and Bank Holidays.
  • Extended banking hours.
  • Earning potential on all transactions.
  • Transfer up to Rs 25,000 without KYC and up to Rs 2, 00,000 with KYC.

Earnings for Retailers

Please contact your nearest RMU or call customer care for Margins on the product.


Benefits for Customers

  • Instant Transfer to more than 100 banks using IMPS (Interbank Mobile Payment System).
  • NEFT Transfer to more than 170 banks.
  • Service available on all days including on National and Bank Holidays.
  • Extended banking hours.
  • Transfer up to Rs 25,000 minimum KYC and up to Rs 2, 00,000 with KYC.

How to register as a Ratnakar Bank Business correspondent Agent

RO's must have OMTS subscription to avail RBL Money Transfer Service. To subscribe for this service you need to fill the CSP form available with the Sales Representative servicing you. Once the CSP form is received by Oxigen, agent will be activated within 2 business days subject to approval of the agent from the bank.


How to use this service

  • (a) Log on to https://oxigenwallet.oximall.com and click on the last Tab which says 'RBL' ?
  • (b) Enter the customer (sender) mobile number to check whether he is already registered or not.
  • (c) If the remitter is not registered then create the remitter by filling in the name, DOB and address.
  • (d) First beneficiary can be added while registering the remitter. For adding more beneficiaries, click on Add Beneficiary and an OTP will be sent to remitter's mobile. Fill the details like beneficiary name, account number & Bank and click on submit.
  • (e) Send money through IMPS or NEFT after adding beneficiaries. You can send up to Rs 25,000 per remitter per month for customers registered as remitter as per above process.

Transaction Fees

Transaction AmountMinCustomer Charge
0-5,000101.5% of Transaction Amount
5001-10,000Rs 100
10,001-15,000Rs.150
15,001-20,000Rs.200
20,001-50,000Rs.250

Maximum Limit Per Transaction: 5000

Maximum Limit per month per remitter: 25000


Do and Don'ts

Contact Us

Write to customercare@myoxigen.com or call 0124-66 55 222. To get a call back, SMS OXIMID to below numbers,

LocationNumber
For Delhi/NCR/Other states9971 888 888
For Karnataka9731 888 888
For Maharashtra/Other States9967 878 888
Tamil Nadu9500 100 005
Andhra Pradesh9963 900 600
West Bengal9163 888 888

Forms And Documents