Overview
MoneyGram
IndusInd Bank offers a new international money transfer product 'MoneyGram'. MoneyGram is a person to person money transfer service launched by M/s. MoneyGram International Ltd., Colorado, USA. This enables a person to transfer funds up to USD 10,000 (for India, the amount is restricted to USD 2500) to any person in just 10 minutes.
Features of Remittance Service - MoneyGram
- International Money Transfer within 10 minutes, from around the world, quickly, easily, safely and reliably
- Can be availed by families, overseas travellers, NRIs & others- for remittances in emergencies and otherwise
- Personal Touch with every transaction, a 10 words message can be included at no extra cost
- Our bank is the first in the banking sector to operate as a Receiving Agent and MoneyGram service is available at all our Wide network of branches
- Worldwide agent base of over 40000 agents allows customers to transfer funds around the world in over 154 countries
- No requirement to have a bank account
For Remitters
- Visit your nearest MoneyGram agent with some identification (e.g. passport/driving license/PAN card etc.)
- Complete a simple MoneyGram send form
- Submit the amount you want to remit plus the MoneyGram service fee and collect your MoneyGram reference number
- Contact the beneficiary and give them the reference number
For Receivers
- Ensure that the sender has given you the reference number
- Visit your nearest IndusInd Bank with some identification (e.g. passport/driving license/PAN card etc.)
- Complete a simple MoneyGram receive form
- Collect the funds (without deduction of any charges) in the local currency