MERGER OF ASSOCIATE BANKS WITH
STATE BANK OF INDIA.
GUIDELINES FOR INTERNET BANKING USERS OF ASSOCIATE
What types of transactions can I make
through Global Money ?
We provide remittance facility to bank accounts as well
as cash pickup services. We offer service of various third party
channel providers for these remittances. One can make remittance
to any bank account which is permitted to accept transfer from
Oman, subject to limits on number of transactions and transaction
amount. These limits vary from country to country as well as
product to product. Moreover, please ensure that any remittance you make should commensurate
with your earnings.
How do you do currency exchange ?
We buy and sell all major currencies at competitive
rates. Sale of foreign currency is carried out based on
availability of the currency with us. Customers can purchase
foreign currency by tendering OMR or exchange foreign currency
with you and collect OMR.
Is it possible to cancel a remittance ?
As all the transactions are carried out electronically,
usually beneficiary's account will be credited within minutes.
However, we may cancel a transaction if the amount is not
received by the beneficiary bank / channel partner. In case, if
you notice that the beneficiary details are not correct, please
contact the nearest branch and inform.
Who can send money through Global Money ?
Holders of valid labour cards / resident cards issued at
Oman can send money through us. GCC nationals, holding their
valid resident cards, can also make remittance through us.
Persons who are on visit visa / tourist visa cannot make
remittances through us. Expats, who hold resident card of other
GCC countries cannot make remittance through Global Money.
What details I need for bank transfer ?
To make a bank transfer to India, one must furnish the
beneficiary name, account number, his bank and branch. For bank
remittance to Pakistan, we need name of the bank and the IBAN
number of the beneficiary. Bank remittances to UAE and Saudi
Arabia requires bank name, branch name, IBAN number as well as
the SWIFT code.
What details I need for cash pickup ?
All you need is the name of the beneficiary that appears
exactly printed in his ID card. Mobile number and location of
the beneficiary will be added advantages.
How much time does it take for bank transfer
to India ?
Global money is happy to announce instant money transfer
facility to 25 major banks in India through IMPS. Remittance
will be credited to the account immediately, irrespective of
holidays and working hours.
What is KYC ?
Global money adopts international standards to combat money
laundering and terrorism. As a part of it, customers are
requested to produce their ID card whenever remittances are
made. While making large value remittances, customers are
requested to produce the source of income along with the bank
withdrawal slip along with declaration of purpose of remittance.