1) You can Send or Transfer money to anyone who has M3 e-wallet account, as per rules. 2) You can Add or Withdraw money from/to your bank account as per rules. 3) Your transfer money from mobile account to your or any bank account by IMPS which gives instant credit to your Bank account as per RBI process. Charges do apply for IMPS transfers.
It is safe and secure as the money in the mobile cash account is safely held by the powering Bank – YES BANK LTD in a pool account.
Business e-wallet holders can receive sales collections in the wallet and transfer to their Bank account under suitable standing instruction and charges do apply (Refer to Annexure -1 of T&C).