Pics: Meryick D'Silva
Daijiworld Media Network - Mangalore (MD)

Mangalore, May 29: UAE Exchange has launched 'Domestic Money Transfer Service' (DMTS), a person-to-person money transfer service, which allows freedom of transaction for the customer to send or receive money across India, round the clock.

A press meet was held to announce the launching of DMTS here on Thursday May 29.

Addressing the press meet, Sharath Shetty H, Mangalore regional head, said, "Domestic money transfer highly values the social obligation of the individual and is the best and instantly accessible financial assistance in times of dire necessity. Home makers, workers, students and such aspirants are our concentrated crowd. The product has been well customised to suit their immediate requirements, which has made it more popular among the masses."

An individual can transfer or withdraw a maximum amount of Rs 25,000 per month, and per month five transactions, each with a maximum limit of Rs 5,000, are allowed. For each transaction Rs 50 will be deducted as service cost.

"Even unbanked and banked Indian can remit money to any bank instantly even at non-banking hours. If a person has our Android app and is a member of UAE Exchange, the transaction can be made on through mobile phone too," he added.

Ranjith Pakkala, Udaya Shankar Shetty, Bhuvanesh U and others were present at the press meet.

For further details contact:

Sharath Shetty H
Regional head-Mangalore region
2nd floor, Shalimar Complex,
Kankanady Mangalore-575002
Contact No: 9845281760