Limits and charges

Limits

The following limits apply to transactions conducted through your Oxigen Wallet. All limits are subjected to change according to our discretion at any time for legal,risk management,security or other purposes and is subjected to the Applicable Law.

Sr. No.

Particulars

 Limits
    10,000 Wallet

1

Maximum Balance limit

Rs. 10,000 /-

2

Money Transfer limits

 

 

Single Transaction Limit

Rs. 5,000 /-

 

Daily Transaction Limit

Rs. 10,000 /-

 

Monthly limit  

Rs. 10,000 /-

3

Transaction limits

 
 

Single Transaction Limits

  
 

Recharge : Mobile /Data Card

Rs. 2500/-
 

DTH Recharge

Rs. 10,000/-
 

Bill payment: Mobile/DTH/Data card

Rs. 5000/-
 

Electricity Bill payment

Rs. 10,000/-
 

Daily Transaction Limit

Rs. 10,000 /-

 

Monthly limit  

Rs 10,000 /-

Please note: Oxigen 10000 Wallet- Monthly limit of transaction can be Rs.20000/- in special case where unused limit of previous month may be included in next month.

Example: Available balance for all transaction on 31st Jan 2013 is Rs.10000/- then on 1st Feb 2013 User can spend this carry forwarded amount, top-up again with Rs.10000/ (for month of Feb.) and can spend Rs.10000, thus making total transaction for the month of Feb2013 Rs.20000.

Charges for Oxigen Wallet

All charges remain subject to change according to our discretion at any time without prior notice.

Muthoot Finance   Minimum Rs.50 or 1.5% whichever is higher

 
 Sr No. Services Charges Charges
10K Wallet* 100K Wallet*
1 Signing up for Oxigen Wallet (Through SMS/   Web/Mobile app) Free Free (Customers need to provide their KYC documents   for upgrading 10K wallet to 100K wallet)
2 Cash Load in Oxigen Wallet:    
  First time cash loading    
  Using Credit card/Debit card/IMPS Free Free
  At Retailer Rs. 25  Rs. 50 
  The Mobile Store 1.00% of transaction amount 1.00% of transaction amount
  Planet M 1.00% of transaction amount 1.00% of transaction amount

**Note: These charges are subject to change and under specific schemes, lower or no charges can be implemented
  Subsequent cash loading    
  Using Credit card/Debit card  (per credit/debit card) Free Free
  Using IMPS Free Free
  At Retailer Max: 1.5% of transaction amount, Min: Rs 10 Max: 1.5% of transaction amount, Min: Rs 10
  The Mobile Store 1.00% of transaction amount 1.00% of transaction amount
  Planet M 1.00% of transaction amount 1.00% of transaction amount

**Note: These charges are subject to change and under specific schemes, lower or no charges can be implemented
3 Money Transfer    
  Wallet to Wallet ( W2W) Free Free
  Wallet to Bank Account ( W2A) 3% (minimum of Rs.5) will be applied 3% (minimum of Rs.5) will be applied
  Wallet to Non-Wallet Free Free
4 Mobile Recharge/DTH Recharge/Data Card Recharge    
  Using Oxigen Wallet Free Free
  Using Credit card/Debit card(per credit/debit card) 1.00% of transaction amount 1.00% of transaction amount
  Using IMPS Free Free
5 Bill Payment    
  Using Oxigen Wallet Free Free
  Using Credit Card (per credit card) 2.00% of transaction amount 2.00% of transaction amount
  Using Debit Card (per debit card) 1.00% of transaction amount 1.00% of transaction amount
  Using IMPS Free Free
6 Online Payment using Oxigen Wallet Free 1.5% of transaction amount
7 Miscellaneous Products( Vouchers and other Value Added Services) Free Free
8 Merchant Payments Free Free

Please Note: These charges are liable to change from time to time
Net Banking as a mode of transaction has been disabled at present
*The maximum storage value of your 10K wallet and 100K Wallet cannot exceed Rs. 10,000
and Rs. 1,00,000 per month respectively

Transactions on your Oxigen Wallet are subject to certain checks in order to minimize fraudulent activity and make
your wallet more secure*
 
Sr No Transaction Payment instrument Limit
1 Cash Loading/Wallet Top-up Credit card/Debit card Maximum cash load of Rs. 10000 per month using any credit card/debit card and not more than Rs. 3000 per transaction
2 Money Transfer:Wallet to Bank Oxigen Wallet First time wallet users please note: After loading cash in your wallet for the first time, you cannot transfer money from your wallet to bank account for the first three days. Thereafter you can send money as and when you want. However, you can use your wallet for other transactions like recharges, bill payments, online shopping etc.