Understanding MoneyGram
MoneyGram is a global financial system that provides a wide range of money transfer solutions, including money order, bill payment, and official check processing. Karnataka Bank, in collaboration with Delphi World Money Ltd. brings this service to enable affordable fund transfers across the world to our international Indians. This partnership is committed to being a world-class example of a ‘culture of compliance’ in our dedication to protecting global consumers and delivering consistent results.Read more
Why choose MoneyGram
Multi-channel methods
Beneficiaries can choose from instant cash payouts or account transfers via RTGS, NEFT, DD, and more.
For personal use
NRIs can use this service for various purposes, including family maintenance and living expenses.
High cash limits
Amounts up to ₹50,000 can be paid in cash, with even higher disbursements for NRIs or foreign tourists on holiday.
Send money instantly in 5 quick steps
Step 1
The remitter visits a MoneyGram Money agent location abroad and deposits the local currency, providing remitter and beneficiary details
Step 2
Pay upfront charges to the agent and collect an acknowledgment receipt and an 8-digit unique MoneyGram reference number
Step 3
Remitter informs Beneficiary the details of remittance and unique PIN
Step 4
The beneficiary visits any Karnataka Bank Branch at their convenience for cash payout or account transfer
Step 5
The beneficiary fills out the 'To Receive Money Form' and produces KYC at the counter and can collect the money through cash payout or transfer it to a bank account
MoneyGram operates within the purview of RBI-MMTS guidelines
- No outbound cross-border remittances are permissible under the scheme.
- Both remitter and beneficiary shall be individuals only.
- Donations, contributions to charitable institutions/trusts, trade related remittances, remittance towards purchase of property, investments or credit to NRE accounts are not allowed under MMTS.
Got questions? We’ve got answers.
MoneyGram does not provide currency exchange services. However, NRIs can use MoneyGram to
send money to India in Indian Rupees (INR) and the recipient can exchange the currency at a local
bank or currency exchange.
To receive money transfers with MoneyGram, you need to provide the sender with your name, the
country you are in, and the amount you are expecting. Once the sender initiates the transfer, you can
pick up the cash at a MoneyGram location or have it deposited into your bank account.
The fees for using MoneyGram vary depending on the country, currency, and the specific payment
method used. It's essential to check the fees for the country and currency you are using. Contact us to
know more.
Yes, MoneyGram payments are considered safe and secure. The company uses strict security
measures, such as encryption, authentication, and digital signatures, to ensure that only authorized
parties can access, send, and receive messages through the network.
Yes, once you've initiated a transfer, you can easily track the transaction using our online portal or
mobile app. You'll receive notifications at each step until the funds are safely credited to the intended
recipient in India
Yes, you can change your type of savings account. Please visit the branch to change yoursavings account variant.
MoneyGram provides a fast and reliable way to send money worldwide, serving as a vital link between individuals and their loved ones. The primary benefit of using MoneyGram services is the sheer convenience it offers. With a vast network of locations and online services, sending and receiving money is accessible to virtually anyone, anywhere. This accessibility is especially beneficial for those in underserved areas where traditional banking services may be limited.
The process of remit money has revolutionized the way we handle cross-border transactions. The primary advantage of utilizing services like remit money transfer and remittance money transfer is the speed and convenience they offer. No longer do individuals have to wait for prolonged periods or go through cumbersome banking procedures. With options like international remittance, sending money overseas is as easy as a few clicks, ensuring that your loved ones or business partners receive the funds swiftly. Moreover, the advent of swift wire transfer has introduced a layer of security and efficiency previously unseen, making it the primary choice for businesses and individuals alike..
