Statutory Basis
The international money transfer services in India are undertaken as per the Regulations framed by RBI under MTSS (Money Transfer Service Scheme). These regulations are updated by RBI every year. Under this scheme, personal remittances are allowed to be routed, a single receiver in India can receive up to 30 transactions in a calendar year and the amount of one transaction cannot exceed USD 2500 or its equivalent.
Safe
A person in India can receive money in just minutes after his sender has sent money from abroad. Each transaction is electronically remitted through the server and is generated through a software which is absolutely safe and easy to use. Robust security features are inbuilt. The documentation and payment process has been designed in a way to ensure that the payment is made only to the actual receiver. Sniffers is ever ready to serve the customer with utmost care, convenience and safety.
Easy
For receiving money in India a customer has to fill up a very simple form which is called ‘To Receive Money’ (TRM) Form. This form contains basic information related to the transaction like MTCN no., name of the receiver, name of the sender, amount, purpose of the transaction, sending country etc. which any person having elementary education can also fill up. Our Front Office Executives are trained & always keen to assist the customer to fill up the TRM. Further, to receive money, a person does not need to open a bank account if his transaction is less than Rs. 50,000/-. Payment in such cases is made in cash. The Receiver is required to be physically present at the location with an original photo identification and address proof for any transaction and will be paid immediately.
Cash-Less
With the emerging era of Digital India, Sniffers provides fast, free and convenient way to directly transfer the amount remitted into customer’s Indian bank account. The customer is required to provide with a cancelled cheque/passbook in order to avail this facility.
