Money Transfer Service Scheme


  • Dena Bank is committed to expand its basket of products & services using modern technology to offer greater banking convenience to its valued clients.
  • In tune with modern day banking terms, Dena Bank has embarked on a variety of transformational initiatives encompassing IT-all centered around the customer.
  • Money Transfer Service Scheme is one such product in this direction.
  • Dena Bank has entered into a strategic tie up with WEIZMANN FOREX Ltd. agent of M/s WESTERN UNION FINANCIAL SERVICES, USA for facilitating in bound instantaneous inward remittance to our customers as well as non-customers under MTS scheme of RBI.
  • Scheme is launched & operationalised effective from 20.10.2004.
  • Scheme facilitates instant payment of Foreign Inward Remittance, either in cash or by DD / PO / Credit to savings A/c to individual beneficiaries in India in Indian Rupees within minutes after the sender has effected the remittance.
  • Service is a boon to the NRIs & their families in India as well as visiting foreign tourist & foreign students who are studying in India.
  • Hassle free instantaneous payment to beneficiary against photo identification.
  • No charge is levied to Beneficiary.
  • Credit to NRE / NRO account is not permitted.