INTERNATIONAL MONEY TRANSFER


International Money Transfer

 
 

Salient features of the International Money Transfer Service:

As a result of the collaboration   of   the  Department  of  Posts,  Government of  India with the   Western   Union Financial Services, USA, a state of    the art International Money  transfer  Service  is now    available through  the post offices  in India,   which  enables  instantaneous  remittance  of  money  from 185 countries   to India. The recipients can in fact collect the money  in  minutes after the sender has made the remittance.

        The  service  is  targeted  to  particularly   fulfill  the needs  of NRI dependent families in   India,  visiting International tourists and foreign students studying in India.      

The International Money Transfer process is as follows: -

1. To  avail  of  this   Service, a remitter goes to any one of the more than 100,000 Western Union   Locations  in the 185 countries   in which the Service operates , fills up a "To send   money" form   and   pays   principal  amount and   charges. 
The sender  gets  a  Money    Transfer   Control    Number   on a    receipt    after   the transaction  is sent through the system.  Thereafter, the sender calls up his/her payee and gives information on  the money sent. The Payee  /  Receiver  goes  to the post   office ,   fills up a   "To receive money"   form shows  valid identification and receives money along with the receipt, once the transaction  is  verified. This entire process is completed within ten minutes. 

 2. The Payee receives the full  amount in Indian Rupees.  There  is  not more than 2500 USD can be sent at a time as per applicable RBI regulations which must however be only for personal use..

 3. The Post offices have been directed to treat the payee as   "Most   Favoured  Customers", which  ensures courteous and efficient service to them.

 4.  For the sake of facilitating the transactions, the recipients can use any one  of  the following  documents to establish their identity:  

     a) Voter Card     b) Passport     c) Driving License     d) Income Tax PAN Card

 5.  The  Post   office  also  provides  its   own identity card to regular customers so that other  proof of  identity does not have to be provided by them again.

 6. The  service  is  currently  available  in   all  the State/Union Territory capitals and other major cities  in  the country   and   by   the  end  of  March ,  it  is   proposed  to  be  expanded  to   Head Post offices at the district headquarters.

 7.  This International  Money  Transfer  Service is safe, legal, fast & reliable. Also,  it is  approved by the Reserve  Bank  of   India  and  is  being   provided  by  a  Department  of  the   Government  of  India     i.e. the Department of Post.

 9.   At  present  the  Post  office  will  only provide its customers with the facility of receiving money and  not  of sending money from India to other countries, as per applicable RBI instructions.

10.  On  the  request  of  the  NRI  community ,  the  department is open to extending the  services to  any other location (village/town/city) as well, which has the potential clientele.

 11.  For  further  information  on  the service, the International representatives of the Western Union  Financial Services International can be contacted in any of the 185 countries from which the service is available.

 12.  Requests   for  extension  of  the  service  to  any  part ;  town /  village  /  city in India along with  any other feedback   by   Indian  missions   as  well  as  NRI  bodies   can  be  provided  directly  to  Project    Manager, International  Money  Transfer  Services , Department  of Posts, Dak Bhawan,  Sansad  Marg  ,      New Delhi  PIN : 110 001, Tel : 91-11-3354842 ,   Fax: 91-11-3354843.

13.  So  far  in the first year the post offices brought in about 10 million dollars to the country.     

List of Post Offices covered for the Western Union Money Transfer Scheme 

Details about agents at sending points

         Please visit  www.westernunion.com

For further detail please contact us:

Post Master General
Business Development
O/o The Chief Postmaster General,
U.P.circle, Lucknow 226001
OR
PMGs/Director
All Region
information see at

Click here to get the contact details.  

 


   
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