Mobile Money Transfer System

India Post BSNL partnership

Money transfer through post offices just got easier. IndiaPost, in association with the Bharat Sanchar Nigam Limited (BSNL), launched “Mobile money transfer” service in the Tamilnadu Circle here on Saturday (16-11/2013) wherein money can be transferred from one post office to another across the country. The service is available in over 9,000 post offices across 17 States as of now. In Tamilnadu, the service is available at more than 600 post offices.

Salient features of this MMTS are furnished below:-

  • A sender can transfer anywhere from Rs. 1,000 up to Rs 10,000.
  • He/she should pay the money at the post office where the service is available.
  • A transaction id will be sent as an SMS notification to both the sender and the recipient from the designated India Post mobile handset.
  • A secret code will also be sent to the sender’s mobile number which has to be orally told to the recipient.
  • The service providers will deduct a commission of Rs. 45 for mobile money transfer for Rs. 1,000 to Rs 1,500, Rs. 79 for transfer of Rs. 1,501 to Rs. 5,000 and Rs. 112 for transfer of Rs. 5,001 to Rs. 10,000.
  • The recipient should then visit the post office where the service is available, show the SMS at the counter and money will be given to him/her after the secret code is filled in a form. The recipient has to show the mobile message and an address proof.

To view the list of Post Offices offering Mobile Money Transfer Service Click here

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