AFFORDABLE, RELIABLE, EASY DOMESTIC & INTERNATIONAL MONEY TRANSFERS
Money transfer services meet an important need in today''s global economy. MoneyGram''s international and domestic money transfer services are an affordable, convenient option to traditional banks and credit cards, allowing people to reliably send and receive money around the world.
As a global leader in wire transfers, MoneyGram''s network of more than 320,000 agents in 198 countries makes it easy to find a location near you to send money.
Money Transfer Process
Sender fills up the Xpress Money ''Send Now'' form at an Xpress Money outlet abroad and pays the principal amount plus charges
Sender collects a unique 16 digit XPIN and informs Receiver the XPIN, and the amount remitted
Receiver visits the Axis Bank branch & fills up the Receive Now Form with transactions details
Provides valid identification documents (ID Proof + Address Proof)
Receiver collects money in Indian Rupees
No bank account required.
No charges collected from the Receiver
Cash payments upto Rs 50,000 per transaction
Beneficiary can receive up to 12 payments in a calendar year
Operates under the guidelines under the Money Transfer Service Scheme of RBI
Personal remittance towards family maintenance and remittance favoring foreign tourist can be send through MTSS. (Trade related remittances, remittances towards purchase of property, investments or credit to NRE / FCNR / Donations, contributions to charitable organizations not allowed under this arrangement.)
Maximum limit of USD 2,500 per transaction
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