Fund Transfer Mechanism Archives - MUDS Single Window Solution for your Business Worldwide Wed, 11 Feb 2026 06:17:52 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.5 https://muds.co.in/wp-content/uploads/2022/04/cropped-Muds-Logo-32x32.jpeg Fund Transfer Mechanism Archives - MUDS 32 32 Fund Transfer Mechanism under NBFC – P2P https://muds.co.in/fund-transfer-mechanism-nbfc-p2p/ Tue, 07 Nov 2017 08:26:00 +0000 https://muds.co.in/fund-transfer-mechanism-nbfc-p2p-2/ Fund transfer between the participants on the Peer to Peer Lending Platform shall be through escrow account mechanisms which will be operated by a trustee. At least two escrow accounts.....

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]]> Fund transfer between the participants on the Peer to Peer Lending Platform shall be through escrow account mechanisms which will be operated by a trustee. At least two escrow accounts, one for funds received from lenders and pending disbursal, and the other for collections from borrowers, shall be maintained. The trustee shall mandatory be promoted by the bank maintaining the escrow accounts. All fund transfers shall be through and from bank accounts and cash transaction is strictly prohibited. The mechanism as described in the Annex-I may be adopted by the NBFC-P2P.

Fund Transfer Mechanism

 

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