Thursday, April 11, 2013

​India Post launches mobile money transfer scheme

Dear Comrades,

VARANASI: People can now avail mobile money transfer service of India Post. The service has been started at Varanasi Head Post Office, Vishewshwarganj, Varanasi Head Post Office, Cantonment and Bisauri branch office, Chandauli from Tuesday.

Launching the service in Varanasi at Visheshwarganj head post office, director, Postal Services, Allahabad region, Krishna Kumar Yadav said that MMT is a financial service which provides facility for remittance and receiving of money at selected post offices. Under it, a minimum amount of Rs 1,000 and a maximum amount of Rs 10,000 can be send in a single transaction. There is no limit to the maximum number of transactions made in a day. The service was launched by sending Rs 1,500 of Ram Bachan Maurya from Visheshwarganj head post office to Kanpur head post office.

A sender can visit the identified post office where the service is available, deposit the amount and present the receivers details in a prescribed format. After this, the sender would get a six digit transfer code on the mobile phone which have to be send to the receiver via SMS. Similar SMS will also be sent to the receiver and counter clerk automatically by the system. 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 seven days of transaction.

The service has already been started in 136 post offices of Uttar Pradesh, including 19 under Allahabad region.

Yadav said that the rates of the services have been kept low. A person sending money through MMT service will be charged Rs 45 for sending money in the range of Rs 1,000 to Rs 1,500, Rs 79 for money ranging between Rs 1,501 and Rs 500 and Rs 112 for money transferred in the range of Rs 5,001 to Rs 10,000.

Yadav also informed that the department of Post has partnered with the state run BSNL to launch the mobile money transfer service. Specially designed mobile handsets with pre-installed mobile money transfer application have been provided to the identified offices for carrying out the services.
Times of India
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