XPRESS MONEY

Ø      This is an Internet / Web based product

Ø      Payment is instantaneous

Ø      Beneficiary need not be our existing customer

Ø      Funds remitted at a M/s UAE Exchange abroad is instantly payable at the specified branch in India.

Ø      Only document needed – Proof of ID

Ø      Facility available at present in  256 branches, to be extended in phases
to all our CBS branches  ( CLICK HERE FOR LIST of CBS BRANCHES )

Ø      Maximum amount that can be remitted – equivalent of Rs.50000

Ø      Type of transaction allowed – all personal remittances.

Ø      Foreign tourists can receive amounts in excess of Rs,50,000/- by cash.

Ø      Process is very simple.  Remitter goes to M/s UAE Exchange aboad.  Produces valid ID and remits the funds. The beneficiary is informed about the remittance by the local M/s UAE Exchange in India, is given the 16 digit Xpin number and the branch from which payment is to be received.  The beneficiary walks into that branch.  He produces his valid ID.  Fills the Receive Now Form giving details asked for, including 16 digit reference number. Within 15 minutes he receives the funds.

Ø      M/s UAE Exchange  is based the Middle East but has branches all over the world