Domestic Money Transfer Service Scheme is a quick and easy way of transferring personal remittances from abroad to beneficiaries in India. Only personal remittances such as remittances towards family maintenance and remittances favouring foreign tourists visiting India are permissible. The system envisages a tie-up between reputed money transfer companies abroad and Muthoot Mercantile Limited in India who would disburse the fund to the beneficiaries with proper identification at ongoing exchange rates.
The major services are
WESTERN UNION MONEY SERVICE | X-PRESS MONEY | TRANSFAST | MONEY GRAM | X-PAY DOMESTIC MONEY TRANSFER PURPOSE.
Benefits of using Money Transfer Services
- RBI approved remittance
- No service charges to receive
- Quick and hassle-free money transfers
- No requirement of bank account for receiving up to Rs. 50000/-
Our Foreign Money Transfer Patterns
- Money gram – 8 digits
- Western Union -10 digits
- X press money -16 digits
- Transfast – 13 alphanumerical /12 digits ( for remittance from Saudi)
Domestic money transfers
Domestic Money Transfer allows you to send money instantly 24 x 7 x 365 to any IMPS supported banks in India. The receiver will get the money credited into their bank account within 5 -10 seconds.
Domestic Money Transfer works exactly the same as how Mobile Recharge works, the only difference is that instead of a mobile number you need to collect the beneficiary bank account number, IFSC Code and the amount which needs to be transferred.
Enter the details into a simple web form and complete the transaction. The beneficiary account will be credited the amount within 5-10 seconds.
Transfer Mode
Our platform supports IMPS & NEFT transfer modes and the system automatically switches the transfer mode.
IMPS: Immediate Payment Service is an interbank electronic instant money transfer service that allows sending and receiving money 24 x 7 x 365. The platform is powered by the National Payment Corporation of India (NPCI) who settles the IMPS transactions in India on a real-time basis 24 x 7 x 365
NEFT : National Electronic Fund Transfer under RBI which settles NEFT transactions in India batch-wise.
The Company Offers Gold Loan, Online Gold Loan, Gold Loan At Home, Investment Plan and Money Transfer Services
For more details visit : www.muthootenterprises.com