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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.
List of Post
Offices covered for the Western Union Money Transfer
Scheme
Details about
agents at sending points
Please visit
www.westernunion.com
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