KSFE has entered into the field of Money Transfer Services which is a fee based activity, joining hands with M/s.Paul Merchants Limited, the principal agent of Western Union Financial Services Inco. New Jersey, USA, to act as their agent partner for promoting the Western Union Money Transfer Services through our branches in a phased manner. Western Union is a leader in money transfer services globally and one of the world's oldest and best known brand names, having a net work of more than 1,80,000 locations spread in 226 countries. This scheme serves as the fastest and legally approved way to receive money from anywhere in the world. By entering into this new venture in the year 2004, our Company provides one more additional financial service to the people.

What is Money Transfer?

Money transfer here means transfer of money from a foreign country to India. Transfer within the country and out of the country are not permitted under this scheme. The sender in a foreign country can approach any Western Union location for sending money. The details of money so sent is to be transmitted immediately by the sender to the receiver in India. The money so sent can be collected from any of the Western Union location nearest to the receiver. At present money transfer services are available from 207 branches of KSFE spread all over Kerala.

Mode of operation

Money transfer operations are controlled and conducted through computer net work (including the internet) connecting the sender location (Western Union) and the receiver location (Branch of KSFE). In KSFE, the transactions are processed at five Regional offices with a supervisory control by the Corporate office.

Procedure

The customer who approaches KSFE branch to receive money sent from a Western Union location in a foreign country has to produce any one of the following Identification cards along with the "To Receiver Money Form (TRM Form)" duly filling details such as receiver's name and address, Senders name, Amount expected, the country from where the money has come and Money Transfer Control Number (MTC Number).

List of valid photo Identity cards

 

1. Passport

2. Voters identity Card (Election Identity Card)

3. Driving Licence

4. PAN Card

5. Student ID (Only ID issued by Govt. College and School)

6. Bank Pass Book (If with photo)

7. Refugee Card

8. Army Card

9. Police ID Card (Issued to non-police department employees is not acceptable)

The details will be checked in the computer and on getting okayed the amount will be paid to the customer. For amounts in excess of Rs.50,000/- crossed a/c payee cheque will be issued as per the direction of R.B.I. in this regard.

Time

The services are available through out Kerala on all working days from 10 am to 4.30 pm.

To avail this facility, please check our branch list and get in touch with the branch
which is most convenient for you.