Mobile Money Transfer Service useful to people
Posted on: 28/Nov/2013 9:58:48 AM
Recently mobile money transfer service was launched by by the department of posts, promises to reduce the time taken to transfer money orders within the country.People can send and receive money in a matter of a few minutes, thanks to the new �Mobile Money Transfer Service� scheme available at 207 post offices in the city and suburbs.As part of the mobile-based service, post offices are already offering electronically-transmitted money orders and instant money orders.When a customer deposits money at a post office, a transaction ID is generated and sent as a text message to both the sender and recipient.
The transaction amount is limited to Rs. 10,000 and customers are charged between Rs. 45 and Rs. 112 for transferring Rs. 1,000 to Rs.10,000.
The postal department has tied up with Bharat Sanchar Nigam Limited for the service.
