India Post has recently launched International Money Remittance service on the International Financial System (IFS) platform of Universal Post Union (UPU)

India Post has recently launched International Money Remittance service on the International Financial System (IFS) platform of Universal Post Union (UPU)

Written By Admin on 02 December 2013 | Monday, December 02, 2013

IFS Money Order

India Post has recently launched International Money Remittance service on the International Financial System (IFS) platform of Universal Post Union (UPU). At present the service is operational with La Poste Group, France and UAE. However, the service will very soon be extended to Ukraine, Laos PDR, Mauritius, Sri Lanka, Cambodia and many other countries.

Features

This service is India Post’s own service. The remittances received under this service are being paid through our eMO service.

• Remittances can be received at any of the 17,500 post offices on eMO network.

• The Payee receives the full amount in Indian Rupees.

• Remittances up to INR 50,000 can be received in cash

• Amount exceeding INR 50,000 to be paid through cheque subject to a maximum limit of USD 2500

 • Maximum of 30 transactions per person per year

• Beneficiary has to furnish Unique MO Number (9 digits in case of UAE and 26 digits in case of France) along with valid identification documents like Voter ID Card, Driving License, PAN Card, Ration Card, Aadhar Card, Passport etc. A copy of such document has to be handed over to Post Office staff for their record (KYC Documents).

• Same day payment for remittances booked before cut-off time

• Payments subject to RBI Guidelines from time to time

• The payment can be collected in any eMO Post Office, please click here to find your nearest eMO Post office