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INTERNATIONAL MONEY TRANSFER - MONEYGRAM

The Department of Posts, has introduced an International Money Transfer System in association with Money Gram Payment Systems, Inc., USA to offer to the general public.  It was launched by Honíble Minister of Communications & Information Technology on 29th Sepí11 in 40 selected Post Offices of Tamil Nadu from 29th Sepí11. The service is now available in 324 post offices all over Tamilnadu.

Salient Features

  • MoneyGram Transfer service is a fast, simple and convenient method.
  • In India, a person can receive money from abroad through this service.
  • Money can never be paid to any other representative.
  • This service operates as per the guidelines of the Reserve Bank of India.
  • Only personal remittances such as remittances towards family maintenance and remittances favouring foreign tourists visiting India are permissible under MoneyGram.
  • Trade related remittances, remittances towards purchase of property, investments or credit to NRE Accounts, etc, or donations/contributions to charitable organizations are NOT permitted.
  • A single remittance under this service should not exceed USD 2500 or its equivalent.
  • Not more than 30 remittances are allowed to be received by a single individual beneficiary through this service in a calendar year.
  • Sender and Receiver of a transaction must be individuals.
  • In case of a foreign tourist, acceptable form of ID is a valid passport and visa copy.
  • A transaction must only be searched by the REFERENCE NUMBER of eight digits.
  • Receiverís Photo ID, Receive Form, Systemís Payment confirmation, and Receivers receipt preserved for 10 years.
  • Payment made only if the information filled by the receiver in the Receive Form matches with the information appearing in MoneyGram System.
  • A payment should never be made without marking the transaction in the system first.
  • Money is paid in Indian Rupees only at ongoing exchange rates.
  • Payments greater than Indian Rupees 50,000/- is paid by cheque.
  • All KYC/AML/CFT norms/rules/regulations/instructions, as mentioned in Reserved Bank of India Master Circular No. 14/2011-12 dated 01st Julí11, as amended from time to time, and all the requirements under the provisions of Prevention of Money Laundering Act,2002 and the rules, regulations made there-under, are applicable to the remittances received under this service.
  • MoneyGram has established a Call Centre, which operates 24x7.

Click here to view alphabetical list of Post Offices offering MoneyGram service