Limit for receiving remittances through International Money Transfer Service to a single individual beneficiary is raised from 12 to 30.

 Limit for receiving remittances through International Money Transfer Service to a single individual beneficiary is raised from 12 to 30.

Quick facts about money transfer service

01) Money Transfer Service Scheme ( MTSS ) is a quick and easy way of transferring personal remittances from abroad to beneficiaries in India.

 02) Only personal remittances such as remittances towards family maintenance and remittances favoring foreign tourists visiting India are permissible.

3. The system envisages a tie-up between reputed money transfer companies abroad and agents in India who would disburse the funds to the beneficiaries at ongoing exchange rates. Such Agents can be Banks (Authorised Dealers) or Full Fledged Money Changer or registered Non-Banking Financial Company (NBFC), IATA approved Travel agents ( having minimum net worth of Rs.25 lakhs ) with prior RBI approval.

4. As the remittances are towards family maintenance, there will not be repatriation of such inward remittances.

5. The India agent is also not allowed to remit any amount on account of exchange loss to the overseas principal.

6. Only personal remittances shall be allowed under this arrangement.

7. Donations/contributions to charitable institutions/Trusts shall not be remitted through
8. this arrangement. This is primarily to ensure proper tracking of funds for charitable institutions/trusts is followed.

9. A cap of USD 2500 has been placed on individual transaction under the scheme.

10. Amounts upto Rs.50,000/- may be paid in cash. Any amount exceeding this limit shall be paid by means of cheque/D.D./P.O. etc. or credited directly to the beneficiary’s account only.

11. Only 30 remittances can be received by a single individual during a year.

12. In exceptional circumstances, where the beneficiary is a foreign tourist, higher amounts may be disbursed in cash. Full record of such transactions should be kept on record for scrutiny by the auditors/inspector.
    VIA- SA TIRUR

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DEAR POSTMASTER,

Knowing is not enough; we must apply. Willing is not enough; we must do.
Thinking is easy, acting is difficult, and to put one's thoughts into action is the most difficult thing in the world.
Action conquers fear.
Our real problem, then, is not our strength today; it is rather the vital necessity of action today to ensure our strength tomorrow.

THE CIRCLE INFORMAL MEETING WAS SUCCESSFUL. MEMBERS ATTENDED WERE EXPRESSED THEIR OPINION FOR THE FUTURE PLAN OF ACTION.

MEMBERS WHO HAVE SOME PERSONAL DIFFICULTIES WERE CONTACTED THROUGH eMAIL/TELEPHONICALLY.

THE CO ORDINATOR  SHRI GANGESH SABLE HAS ARRANGED THE MEETING VERY GRACEFULLY.

THE FOLLOWING POINTS WERE DISCUSSED ON THE MEETING :

1.AS INTIMATED BY THE OTHER CIRCLE CO ORDINATORS THEY WILL  ARRANGE FOR A CIRCLE LEVEL MEETING SHORTLY.

2.THE RESOLUTION PASSED BY THEM SHOULD BE INTIMATED TO THE ALL INDIA CO ORDINATOR.

3.ALL INDIA MEETING WILL BE HELD IN THE MONTH OF AUGUST 2012

4.THE GUILD ACTIVITIES AND ANNOUNCEMENT WILL BE  PUBLISHED THROUGH THIS BLOG www.postmastermaharshtra.blogspot.com.

5.THOSE WHO HAVE NOT STILL REGISTERED FOR MEMBERSHIP IN THE MAHARASHTRA CIRCLE SHOULD REGISTER THEIR NAME BY CONTACTING SHRI.GANESH SABLE IN THE MOBILE NUMBER 9867776058.

6.THE ELECTION OF OFFICE BEARERS IS TO BE HELD IN THE GUILDs NEXT MEETING. THE DATE AND VENUE OF NEXT MEETING WILL BE ANNOUNCED LATER.


THIS IS THE NEED OF TIME FOR TO FORM A GUILD OF POSTMASTER IN EACH CIRCLE  AND COLLECTIVELY IN ALL INDIA TO SAVE THE CADRE WHICH IS NOW ORPHANED BY THE CREATORS AND RECEVING STEP MOTHERLY TREATMENT BY COMPARING THE PARALLEL CADRE WHICH IS ENJOYING ITS PAST GLORY IN THE NAME OF ADHOC PROMOTIONS AND ALLOWING THEM FOR TO APPEAR FOR OTHER PROMOTIONAL EXAMINATION. ALSO LOST ITS CHARM IN POSTITION AND FINANCIAL MATTERS.

NO ONE IS TAKING CARE INTENSIVELY. SO UNITE TO GETHER FOR FUTURE ACTION

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