API Products | Developer Portal

1.0.0

(7 APIs Included)

Bharat Bill Payment System (BBPS) is an integrated bill payment system functioning under National Payments Corporation of India (NPCI). This is an interoperable bill payment platform through a network of agents of registered members enabling a safe, reliable and unified ecosystem with multiple payments modes and instant payment confirmation. Payments in BBPS can be made through cash, and electronic modes. The NPCI functions as the Central Unit (BBPCU) undertaking clearing and settlement of transactions routed through BBPS.

Bill aggregators and Banks work as Operating Units (COU) to offer an

eSign

1.0.0

(4 APIs Included)

This chapter describes the API in detail including the authentication flow, communication protocol, and data formats.

Fund Transfer

1.0.0

(16 APIs Included)

The Fund Transfer APIs enable easy money transfer services between Bank accounts in India. It facilitates ease in the transfer process using technology solutions like NEFT, RTGS and IMPS mode of payments.

Remittance Solution

1.0.0

(13 APIs Included)

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.

UPI

1.0.0

(12 APIs Included)

The Unified Payments Interface (UPI) is an instant, real-time payment system developed by National Payments Corporation of India (NPCI) facilitating inter-bank transactions. It is a unique solution that can be used to transfer money and make payments using the Immediate Payments Service (IMPS). UPI is an initiative by NPCI, regulated by RBI. UPI works 24/7. Federal Bank offers the UPI API stack for fintech and startup partners to readily integrate UPI services in their products .

UPI

2.0

(10 APIs Included)

Virtual Account System

1.0.0

(6 APIs Included)

Virtual account is the concept of having multiple aliases or pseudonyms for an account. This allows a fintech partner to create multiple virtual accounts for a physical account maintained in Federal Bank. Funds can be transferred by the partner's customers, to these virtual accounts via various payment channels- NEFT, RTGS, IMPS etc. With Virtual Account System (VAS), one can generate exclusive virtual accounts for each of the customers, from payments are expected. This makes collection, accounting and reconciliation of multiple transactions in an account, easier.

Digital Credit

1.0.0

(43 APIs Included)

These APIs are offered to extend loan facility to Customers, through FinTech applications. The APIs enable automated loan account creation and loan disbursal capabilities which the FinTech applications can readily use to run their services, in a fully digitalized and integrated fashion.