On 27th September 2013 in Karnataka circle
On 30th September 2013 in Madhya Pradesh circle
Department of Post launched the Mobile Money Transfer Service in selected POs
It is known that the Service is already under operation in Bihar & Gujrat Circles.
Features of the Service :
source:other web pages
On 30th September 2013 in Madhya Pradesh circle
Department of Post launched the Mobile Money Transfer Service in selected POs
It is known that the Service is already under operation in Bihar & Gujrat Circles.
Features of the Service :
=Using this service one
can transfer minimum of Rs 1,000 and maximum of Rs 10,000.
=To use the service,
senders would need to visit the post offices in the region where the service is
available, deposit the amount and give the receiver's details.
=After this, they
would get a 16 digit transfer code on their mobile phone, which they would need
to send to the recipient via SMS.
=The recipient can claim the money at a nearby
post office, by showing the transaction code and verifying his identity.
=Recipient also needs to withdraw the money within 7 days of transaction.
=The objective of the service is to lower the cost of transaction to enable
transaction of even very small amounts.
=The charge for transferring Rs
1,000 to Rs 1,500 will be Rs 45,
Rs 1,501 to Rs
5,000, the fee will be Rs 79
Rs 5,001 to Rs 10,000, the commission will
be Rs 120 including service tax.
source:other web pages