How to Use Instant Bank Deposit on Pi42

Step 1: Getting Started
Before initiating your deposit: complete your KYC (Know Your Customer) and bank verification with Pi42.

                                      

Step 2: Initiating Deposit
In the Wallets page: Open the Pi42 app and navigate to the 'Wallets' page.
Click on 'Deposit INR' to start the deposit process


Step 3: Selecting Payment Method
You will see two payment options: Choose 'Instant Bank Transfer' for a quick transaction.

Step 4: Understanding Instant Bank Transfer

With Instant Bank Transfer: A nominal fee of 0.1% per transaction is applied.
Only IMPS is supported (avoid RTGS, NEFT, or UPI to prevent issues).

The minimum deposit is Rs. 500.  Transactions are processed in less than 2 minutes.

Step 5: Initiating the Instant Transfer

Click on 'INSTANT Bank Transfer': Ensure your registered bank details are correctly displayed in the 'FROM' section
.

Step 6: Virtual Account Details

In the 'TO' section: You'll see your unique virtual account details, including the bank name (Equitas Bank), beneficiary Name (Lightningnodes Private Limited), and your unique virtual account number.

Step 7: Adding Beneficiary in Banking App
Copy these details and add them as a beneficiary in your banking app. Once your bank authorises it, you are ready for the transfer.

Step 8: Completing the Deposit

Transfer the money using the details provided.
The amount will reflect in your Pi42 wallet within 1-2 minutes, almost instantly.

Step 9: Enjoy the Benefits

Instant Bank Transfer on Pi42 offers: Elimination of manual checks and reconciliations.
A smooth, swift transaction handled by your banking partner.

Conclusion: Your Finance, Simplified

Thank you for choosing Pi42. With our Instant Bank Deposit feature, managing your finances is now more effortless than ever. Enjoy the quick, secure, and convenient way to handle your transactions today!