A large number of people in India, particularly the migrant population, doesn’t have access to formal banking channels for want of proof of identity/address etc. This lead to innumerable hardships faced by them while attempting to remit money back to their family members. This is happening even when various channels for Domestic Money Transfers (DMT) are available viz. IMPS, UPI, NEFT, RTGS etc.
This product design brings seamless remittance experience to the customers backed by technology interface through Postman/ GDS/ Access Points Counters and simultaneously ensures hassle-free & affordable fund transfer service for the migrant population. This cash to Bank A/c remittance service is offered across more than 1.36+ lakhs Access Points (Post Offices) across India.