Sunday, 3 November 2013
FAQs about MMTS
Q: In how much time money can be collected at the
destination post office?
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Q: Do I need to go to a specific Post Office to get the
money?
You can go to any covered post office for Cash Out. It is
not necessary to go to a particular post office. All you need to have is the
Transaction ID and the Secret Code.
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Q: What is the maximum limit for one transaction in one
day?
No limit on the number of transactions. However the minimum
amount is 1,000 rupees while the maximum is 10,000 rupees.
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Q: Is there any transaction charges, if yes what are those?
As following:-
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Q: What if the sender/ the recipient does not receive SMS
notification?
The sender must inform to the Cash In postal assistant
regarding this so that he/ she will resend the same.
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Q: In how many days the recipient must collect money at
destination post office?
The recipient must collect money within 14 days of
transaction.
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Q: What would happen with the money, in case the recipient
does not collect it in predefined time?
In case the recipient does not Cash Out the amount within
14 days, the amount is sent back to the sender and a ‘Cash In reversal’ SMS
with new transaction-id will be sent to remitter. The remitter can withdraw
money within 7 days (prescribed) after this SMS.
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