Organisation : The Saraswat Co-operative Bank Ltd
Facility : Money Transfer Service
Website : https://www.saraswatbank.com/
Money Transfer Service :
** Saraswat Bank has tied up with MoneyGram for Inbound Global Remittances through Thomas Cook (India) Ltd who is principal agent of M/s MoneyGram International Inc.USA.
Related : Saraswat Bank Mobile Banking GoMo : www.statusin.in/23066.html
We have launched MoneyGram product for inbound Global remittances at our 191 branches.
** It is a person to person money transfer technology which enables a person to send money through any of Network agents of MoneyGram International.
** Quick, safe and cheap mode of send money to India. Beneficiary gets payment in India on real time basis.
** The remittance scheme conforms to the rules & regulation framed by Reserve Bank of India under Money Transfer Service Scheme (MTSS)
** Maximum amount of remittance that receiver can receive in a single transaction will not exceed USD2500 or its equivalent in Indian rupees. Payment in cash to receiver will be made up to and inclusive of Rs.50,000/- (Rs. Fifty thousand Only).
** Any single beneficiary can receive 30 transactions in a calendar year.
** The remitter, who is outside India goes to any of the agents of MoneyGram, fills in the remittance form and tenders the equivalent foreign exchange inclusive of charges to such agent.
After processing application through Anti-Money Laundering Guidelines, remitter informs the receiver in India about remittance details, i.e. 8 digit unique reference number.
** Our bank verifies payment details submitted by the beneficiary in Receive Form along with the transaction 8 digit unique reference number along with valid photo identification and address proof.
** As soon as the beneficiary collects payment from our Bank, the remitter get SMS about the completion of transaction.
Non-permissible Transactions under Money Transfer Service Scheme as per RBI stipulations.
** Trade related remittances (export payment, payment of services, etc.)
** Remittances towards purchase of property, investments;
** Remittance for credit to NRE/FCNR accounts and
** Remittance as donations, contributions to charitable organizations.
Benefits :
This service is a boon to families of NRI’s as well as foreign students and foreign tourist visiting India. Overseas workers who need to provide financial support to their families in India.
** Receive money as cash in minutes.
** No Bank account required.
** No back-end charges
About Us :
The Bank has a very humble but a very inspiring beginning. On 14th September 1918, “The Saraswat Co-operative Banking Society” was founded. Mr. J.K. Parulkar became its first Chairman, Mr. N.B. Thakur, the first Vice-Chairman, Mr. P.N. Warde, the first Secretary and Mr. Shivram Gopal Rajadhyaksha, the first Treasurer.
These were people with deep and abiding ideals, faith, vision, optimism and entrepreneurial skills. These dedicated men in charge of the Society had a commendable sense of service and duty imbibed in them
Contact Us :
The Saraswat Cooperative Bank Ltd,
Corporate Centre
Ekanath Thakur Bhavan
Plot no 953, Appasaheb Marathe Marg
Prabhadevi, Mumbai -400 025