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Money Transfer
Kyossk offers money remittance services to the customers through its franchisee's.
The domestic money remittances are facilitated through two modes of transfers. One mode is the IMPS IFSC mode. The money is credited in the end beneficiaries' accounts in few seconds. This mode is available round the clock and 24 X 7. The mode works on all Sundays, Bank holidays and National holidays. The other method is the NEFT mode.

The transactions are processed in batches and the processing is done from 9 AM in the morning to 7 PM in the evening (Monday to Friday) and from 9 AM in the morning to 2 PM in the afternoon (on Saturdays). No processing is done on Sundays and on bank holidays.

It takes a maximum of 4 hours for the money to be credited in the beneficiaries' accounts. To avail this service, sender has to be registered on the system and will be able to transfer money. The sender is required to pay registration charges to the Franchisee for availing this service.

The sender can transfer money to up to 10 beneficiaries' bank accounts. The maximum limit of money that can be sent in a month is RS. 1 lacs (for non SBI and ICICI bank accounts) and Rs. 10 lacs (for SBI and ICICI bank accounts). The sender needs to get his/her KYC documents approved in order to avail higher limits for sending money to the beneficiary.
Benefits of using this service of remittance for the senders.
The sender is able to derive the benefit of extended hours. The senders are not required to stand in long queues of the banks' counters. The money transfer is initiated whenever the sender requests for the transfer and the funds are deposited in the beneficiary's account as per the mode of remittance chosen and the transaction is totally secure.

The sender receives an SMS when the transaction is initiated and also when the money is deposited in the beneficiary's account. Even if the transaction fails, the customer receives an SMS with a verification code. The sender is required to contact the Franchisee through whom the transaction is initiated with the verification code. The Franchisee will follow up with the Kyossk Tech support team and facilitates to complete the transaction