As a result of the collaboration of the Department of Posts, Government of India with the Western Union Financial Services, a state of the art International Money transfer Service is now available through the Post Offices in India, which enables instantaneous remittance of money from around.....countries and territories to India.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

As a result of the collaboration of the Department of Posts, Government of India with the Western Union Financial Services, a state of the art International Money transfer Service is now available through the Post Offices in India, which enables instantaneous remittance of money from around____countries and territories to India.

A	195 countries
B	415 countries
C	115 countries
D	135 countries

Explanation:

Detailed explanation-1: -SWIFT is used for international money transfers. Explanation: Society for Worldwide Interbank Financial Telecommunications (SWIFT) is a vast messaging network used by banks and other financial institutions to quickly, accurately, and securely send and receive information, such as money transfer instructions.

Detailed explanation-2: -You can transfer money directly from your eligible consumer deposit accounts (checking or money market) to any participating Western Union Agent location around the world. The funds can be available in minutes 3, or you can opt for next day arrival. Send a $50 money transfer for a $5 fee within the U.S.

Detailed explanation-3: -With Western Union, you can transfer money to India to nearly 200 banks. They include State Bank of India, ICICI Bank Limited, HDFC Bank, Axis Bank, Punjab National Bank and Bank Baroda.

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