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What is International Money Transfer
Service ?
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 made the 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 in India, visiting
International tourists and foreign students studying in India.
International
Money Transfer Service in Tamilnadu Circle
The service was
officially launched in Tamilnadu Circle during May 2001.
Initially the service was introduced in Chennai and later
expanded in the Circle. Presently, the service is available in
544 post offices in the Circle.
Selective List of Post Offices
providing the service
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 no restriction
on the amount to be sent 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.
8. 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.
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