Western Union :The Fastest Way to Receive Money in India
Living abroad, your loved ones are so far away. But when they send money
home with Western Union, it brings them closer. With Western Union's
state-of-the-art computer systems and a secure global network, the money
reaches you safely in minutes.
- What is Western Union Money Transfer?
Remittances from abroad come by Swift/Drafts/Cheques which takes 10 days to
realize the proceeds by the Customer. *In Western Union Money Transfer, the
time taken will be very less. *
- Describe a typical monetary transaction made through Western Union?
If Someone wants to send money to their family in India, all they need to
do is walk into a Western Union Agent location. There, they fill out a To
Send MoneyForm and hand the amount being sent along with the required
service fee to the Agent.
The information is then keyed at once into the dedicated Western Union
system, which is connected to various centers through a proprietary
software around the world.
The Receiver/Beneficiary can come to our place offering Western Union Money
Transfer Service fill out a To Receive MoneyForm and show proper photo
identification. Once this information is verified and found to be
satisfactory, Polo Forex pays the Money.
- What type of Remittances are permitted / not permitted in this
According to Reserve Bank of India (RBI) guidelines, only personal
remittances towards family maintenance and remittances favoring foreign
tourists visiting India are permitted under this Service.
All Trade related remittances, remittances towards purchase of property,
investments or credit to NRE/FCNR Accounts etc or Donations/Contributions
to Charitable organizations are not permitted under this Service.
- What is the maximum amount permitted by RBI under this Scheme?
Any single remittance under the scheme shall not exceed US Dollors 2500 or
We as agent of Western Union can pay up to Rs.49,999/- by Cash and all
amounts of Rs.50,000/- and above shall be paid by Pay Order/Demand Drafts
(without our Bank Charges) or Direct credit to the Beneficiary Account in
For Foreign Tourists amount exceeding Rs.50,000/- can be paid by Cash as
per RBI permission. Only 30 Remittances shall be permitted in a year by a
- What the salient features of the Service?
The Service is approved by Reserve Bank of India. The Beneficiary/Receiver
pays no fee. Neither the Sender nor the Receiver has to have a bank
account. The Service is Fast, Safe, Legal & Reliable. Each transfer is
protected by a world class security system.
- What Identity proof to be submitted for receiving money?
Any of the below identity issued by State Government of Central Government
with photo id and address can be submitted to receive money.
- Driving License
- Voters ID
- PAN Card with address proof
- Refugee Card
- Student ID issued by Government College
- Bank Pass Book (with Photo)
- Army card
- Police Card.
All these IDs must be valid at the time of transactions.