NEO Banking Service
Neo banking Service are financial technology (fintech) firms that offer banking and other financial services solely through mobile apps. Simply put, these are virtual banks that do not have actual locations.
Neo banks want to make financial management easier for their customers, and collaborating with existing banking products is the key to doing so in the digital banking experience.
Some of the services offered under remittance
Money Order
This is a post office-based domestic money transfer service. Money sent by money order is delivered to the payee’s doorstep, and the service is available. A single money order can only be used to send a maximum of Rs.5000/-. The remitter can pay the amount in cash or by cheque at the booking office, and the service fee is 5% of the amount being communicated.
Instant Money Order
Instant Money Order service is quick, safe, dependable, and convenient under remittance. Through approved, amounts ranging from Rs.1000 to Rs.50000 can be transferred. It is a web-based instant money transfer service. The remitter must complete the specified form and present a valid photo ID.
Remittance Services
Remittance Services using Money
Remittances are an important and rising segment for India Post. India Post provides a variety of remittance services to satisfy the needs of different segments of the population. India Post offers remittance services to both domestic and foreign destinations.
