Unocoin is pleased to announce instant INR deposit and withdraw options. For Inr deposit, a user can make an instant deposit to his INR wallet using Mobikwik wallet. You may use net banking, debit card and credit card to load your Mobikwik wallet. Direct option to deposit INR using net banking is coming by next week. Once the user has INR in your Mobikwik wallet, he would go to Unocoin website or app and go to INR deposit section to initiate the transfer from his Mobikwik wallet. Presently a 2% fee would be deducted from the deposited amount and remaining amount will be credited to his INR wallet.
For an instant INR withdrawal, presently Unocoin is providing 2 new options – IMPS and NEFT. As the bank transfers were taking 1-2 days, now the users can withdraw INR instantly using one of these two options. IMPS option will attract the fee of 25/- from the money being withdrawn and NEFT will attract the fee of only 15 INR. The NEFT network takes about 1-2 hours to deposit money into the user’s bank account while IMPS is instantaneous. All the fee collected would attract the GST of 18% on top of the fee.