Under this scheme, in accordance with our tie up with Wester Union Money Transfer Service, we offer quick / immediate encashment of money at any of our branches spread all over India. TMB signed an agreement with Kuoni Travel (India) Pvt Ltd to offer Western Union Money Transfer (WUMT) a popular money transfer service in India for personal remittances from NRIs from foreign countries. Overseas Individuals can send money through WUMT to their kith and kin in India. The money will be received in India within few minutes it has been sent from abroad.
As per the RBI guidelines the maximum inward remittances per transaction is US$2500. In a calendar year an individual can receive a maximum of 12 transactions. There is no need for the sender and receiver to have an account with TMB. The receiver has to fill up the 'To Receive Money' (TRM) Form available in the bank along with an original Valid Photo ID proof for verification by the bank official. After verification the transaction will be processed and the amount will be disbursed to the receiver within few minutes. If the amount exceeds Rs. 50,000.00 the mode of disbursement will be by pay order/account credit only. The amount will be disbursed to the name of the receiver only as mentioned by the sender. The time taken by TMB to payout the money through WUMT service will be around 15 minutes per transaction.
www.tmb.in/s_moneytransfer.htm
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