TMB Money Transfer
transfer money to anyone anywhere in India
Learn more about our innovative money transfer within India scheme from TMB.
As the title suggests, now you can send money to anyone anywhere in India where TMB has a branch. The recipient does not need to have a bank account to get money.
We introduce a scheme in the style “TMB Money Transfer”, by which an account holder can send money from his account to anybody who does not have bank account.
- Who can send money?
- An account holder can send money from his account to a beneficiary who does not have bank account to be encashed at any of our branches by providing the name, Father's / Husband's name and address of the beneficiary.
- Maximum Amount of remittance
- Maximum amount per remittance Rs. 10,000.00 subject to the monthly cap of Rs. 25,000.00 per beneficiary.
- Charges for Money Transfer
- Upto Rs. 5,000.00 - Rs. 25.00 + ST., Above Rs. 5,000.00 upto Rs. 10,000.00 - Rs. 50.00 + ST. This charge will be collected from the remitter at the time of remittance.
- How to encash money by a beneficiary
- Remitting branch will provide a Reference No. (16 digits) to the remitter. The beneficiary can receive the amount from any of our branches by submitting the ‘Receive Money’ form (Annexure II) mentioning the related Reference No. and valid Identity proof.
- Time limit for encashing the money
- Money sent should be encashed within 30 days from the date of remittance. Otherwise, the unencashed Money shall be credited to the account of the remitter on 31st day from the date of remittance, automatically.
- Application to be used by the Remitter and Beneficiary
- A remitter has to fill in and submit TMB Money Transfer Application. (Annexure I). For receiving money at any of our branches, the beneficiary has to fill and submit TMB Money Transfer - Receive Money form in duplicate (Annexure II).
Download the Annexures:
