BANK OF BARODA
Remittance Products under MTSS
Under tie up arrangement with Western Union and UAE Exchange, Bank is offering money
transfer services under brand names Western Union (WU), Xpress Money (UAE Exchange)
and MoneyGram (UAE Exchange)
It is basically a person to person payment remitted for personal use in INR or family maintenance of the resident beneficiaries in India or any foreign national tourist visiting India
Donations/contributions to charitable institutions/trusts, trade related remittances, remittance towards purchase of property, investments or credit to NRE accounts shall not be made through this arrangement
A cap of maximum USD 2500 (in equivalent INR) per transaction and maximum 30 remittances to a single individual beneficiary during a calendar year
A remitter desirous of remitting funds to India under the scheme visits any overseas offices of WU and UAE Exchange and tenders remittance amount with full particulars of beneficiary in India. The service providers after processing the transaction provide them system generated identification numbers (MTCN and Unique Reference No)
The remitter conveys the identification number to the beneficiary in India who in turn visits any of our nearby branches to claim remittance amount.
For more details click here or visit http://www.bankofbaroda.co.in
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Remittance Products under MTSS
Under tie up arrangement with Western Union and UAE Exchange, Bank is offering money
transfer services under brand names Western Union (WU), Xpress Money (UAE Exchange)
and MoneyGram (UAE Exchange)
It is basically a person to person payment remitted for personal use in INR or family maintenance of the resident beneficiaries in India or any foreign national tourist visiting India
Donations/contributions to charitable institutions/trusts, trade related remittances, remittance towards purchase of property, investments or credit to NRE accounts shall not be made through this arrangement
A cap of maximum USD 2500 (in equivalent INR) per transaction and maximum 30 remittances to a single individual beneficiary during a calendar year
A remitter desirous of remitting funds to India under the scheme visits any overseas offices of WU and UAE Exchange and tenders remittance amount with full particulars of beneficiary in India. The service providers after processing the transaction provide them system generated identification numbers (MTCN and Unique Reference No)
The remitter conveys the identification number to the beneficiary in India who in turn visits any of our nearby branches to claim remittance amount.
Click here to read complete newsletter