Remittance Solution
Through the Remittance Fund Transfer API, fund transfer from outside of India is made easy. Exchange houses abroad can set up services to transfer money into Indian accounts. Along with Federal Bank APIs for enquiry and reconciliation, this bundle offers a complete fund transfer solution, from abroad to accounts maintained by Federal Bank in India. These APIs are used for receiving the money from foreign exchanges, money will be transferred between exchange Account number and the customer account number.
APIs
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This API is used to enquire the Account details of the Federal Bank customer based on the Account Number provided in the input. It reveals the details like Customer Name, Account Type, and Account Status of the customer.
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This message allows the user to request for Statement of a particular account on a particular date.
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This service helps the exchanges to know the status of a transaction which is processed via FT, IMPS, NEFT, UPI Channels, the exchanges has to pass valid Reference Id and Channel Name of a transaction in [Org_ReferenceId] and [TxnType] fields of a request.
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This Service is used for transferring the money to a bank account across the banks in India via UPI Channel using UPI VPA (Virtual Payment Address).
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This API is used to get the status of the transactions initiated through any of the Remittance Fund Transfer APIs. That is, these APIs help the exchanges to know the status of a transaction that had initiated via RTGS, NEFT, InterBank, or IMPS channels. API accepts the reference number of the original fund transfer transaction as Org_ReferenceId field.
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This API performs fund transfer via the NEFT channel. The funds get transferred to any account maintained with any Bank in India. API accepts details of the remitter in RemitterDetails object, the beneficiary details – including AccountNumber and IFSC - in BeneficiaryDetails object, and the amount to be remitted. The amount gets credited to the Beneficiary account if the transaction is successful. There is no limit – either minimum or maximum – on the number of funds that could be transferred using NEFT. However, the maximum amount per transaction is limited to ₹ 50,000/- for cash-based
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This application is used for validating the other bank customer account by using IMPS Channel. User should provide the Account Number and IFSC of the other bank cutomer he want to validate. If the transaction completed successfully we can conclude beneficiary account is valid, otherwise appropriate response will be given back.
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Through the Remittance Vostro Balance Enquiry APIs, applications can get the balance for the account registered to a user, which is maintained with Federal Bank.
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This API is used to validate the UPI Virtual ID (VPA - Virtual Payment Address) of the beneficiary before initiating any payment using UPI Channel.
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This API transfers the amount to the beneficiary account through the IntraBank channel. API accepts details of the remitter in RemitterDetails object, the beneficiary details in BeneficiaryDetails object and the amount to be remitted. The amount will be credited to the Beneficiary account, if the transaction is successful. Intra Bank Fund transfer API accepts transaction requests any time of the day, 24x7.
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Remittance Fund Transfer for IMPS
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Almost all APIs which Federal Bank exposes follow the asynchronous processing model. It means that, for a given request, the processing may not happen immediately, and hence the actual response is not returned. The API will return an acknowledgment message instead, which signifies that the request is received. When the transaction processing completes sometime later, the API can notify the client application, provided the client registers a URL during onboarding. This URL thus acts like a Webhook call-back URL. The Outbound Asynchronous Response API is a facility to notify client/customer
Plans
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Basic Plan
100 calls per hour
12 APIs including
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Account_Enquiry_Service_API 1.0.0
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Outbound_Consumer_Url_API 1.0.0
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Remittance IMPS Beneficiary Name Enq 1.0.0
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Remittance_FundTransfer_IMPS_API 1.0.0
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Remittance_FundTransfer_IntraBank_API 1.0.0