India Banking API to Process NEFT Payments

Question

Is there a way to send payments from the bank account to all your customers automatically in India ?

Suppose:

Every customer has a unique id and all this bank details like name, account number and NEFT code are stored in his profile. Is there a way to send money to him from a custom application by passing an api token, the customer id and the amount to be transferred ?

Thanks Bhargava

Answer 1

Technically yes, you can consume API given by private operators like Pay2All or directly by Yes Bank

Links : http://www.pay2all.in/money-transfer-api

https://www.yesbank.in/corporate-banking/product-and-services/digital-banking/api-banking