Comments
Migrant labourers without a bank account may now use their mobile phones to transfer money to families back home.
Department of Posts is acting with Bharat Sanchar Nigam Ltd to make this possible.
The beneficiary needs just walk into a designated post office offering the facility. The pilot project is being launched in the Bihar, Delhi, Punjab, and Kerala postal circles.
A spokesman of the department of posts said that the tariff for money transfer is fixed at Rs 40 for amounts between Rs 1,000 and Rs 1,500; Rs 70 for amounts between Rs 1,501 and Rs 5,000; and Rs 100 for amounts between Rs 5,001 and Rs 10,000, the spokesman said. Service tax will be charged extra.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.