M-money transfer

The Department of Posts will soon implement a mobile-based money remittance service in various parts of the country. It has selected 4 circles in which the services will be implemented. These are:

· Kerala

· Bihar

· Punjab

· Delhi

What is m-money transfer?

  • It also called mobile money transfer, which nothing but just another method of sending money using electronic medium like mobile or computer.
  • In this user who intends to avail the service would get a secret code through SMS soon after the money is transferred.
  • A similar message would be forwarded to the recipient who could then visit the nearest service-enabled post office and receive the money by submitting the code.
  • Bharat Sanchar Nigam Limited (BSNL) would provide technical assistance in the implementation of the service.

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