INTERNATIONAL MONEY TRANSFER

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 the world over, to India. The recipients can in fact collect the money in cash in minutes after the sender has madethe remittance.

this service is made available by the department in collaboration with Western Union Financial Services, USA.

The service is targeted to particularly fulfill the needs for immediate cash of NRI dependent families inIndia, visiting International tourists and foreign students studing in India.

The International Money Transfer Process is as Follows:

• 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 reciept after the transaction is sent through the system. Thereafter the sender calls up his/her payee information on the money sent. The payee/Reciever goes to the post office, fills up"To recieve money" form shows valid identification and recieves money along with the reciept, once the transaction is verified. This entier process is completed within ten minutes.
• The payee recieves the full amount in Indian Rupees. There is no restriction on the amount to be sent which must however be only for personal use.
• The Post Offices have been directed to treat the payee as "Most Favoured Customers" which ensures courteous and efficient service to them.
• For the sake of faciliting the transaction the recipients can use any one of the following documents to establish their identity.
• No Interest charged upto one year arrear of premia in case of natural calamities like flood,drought,earthquake,cyclone etc.
  1. Voter card
  2. Passport
  3. Driving License
  4. Income Tax PAN Card
• 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.
• The service is currently available in all the state/Union Territory capitals and other major cities in country and by the end of March, it is proposed to be expanded to Head Post Offices at the district Head Quarters.
• This International Money Transfer Service is safe, legal, fast & reliable. Also it is approved by the Rserve Bank of India and is being provided by a Department of the Government of India i.e. the Department of Post.
• At present the post office will only its consumers with the facility with the facility receiving money and not of sending money from India to other countries, as per applicable RBI instructions.