DoP introduces mobile money transfer services

News Amit Shrivastava 21:46, 2 Jun 2011

The Department of Posts (DoP) and BSNL have launched mobile money transfer services via Post Offices across the country

Mobile technology has accomplished another milestone courtesy India Post. Now, it's easier to transfer money or fund via mobile phones just by visiting your nearest post office. This initiative is meant to provide faster and easier money transfer services to the rural India where people are least connected with banks and other technology advancements.

The Department of Posts has started the mobile money transfer services with technological support from BSNL. Initially, the service will be available between Punjab and Bihar Postal Circles for transfer of money up to Rs 50,000. It is expected to be launched in the other cities by next two months, reports TOI.

Launching the service by remitting Rs 1,000 to Help Age India at Patna, Union Minister of State for Communications, Information Technology and Home, Gurudas Kamat said that the aim of launching this service was to help those who were unable to avail banking services.

In order to avail mobile money transfer service, you need to visit your nearest post office, where you can get a unique PIN code after the transfer of money. You have to forward that PIN code to the recipient via a text message.

The recipient will be eligible to get that money at home once the PIN verification is done on his/her mobile by the postal employee. Otherwise, one can collect the payment by visiting the post office and getting the PIN code verification done there.

The DoP mobile money transfer charges will be similar to that of traditional money order, which is five percent of the remitted amount. It's really a great initiative to empower the rural customers in India with the mobile technology related services for fast and easy transfer of money.

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