Money Transfer Service Scheme – Western Union & Ria Money
Under Money Transfer Service Scheme (MTSS) of Reserve Bank of India, all the Canara Bank branches are enabled to handle inward remittances under M/s Western Union Money Transfer Scheme and M/s Ria Money.
Under the above schemes, only cross-border personal remittances, such as, remittances towards family maintenance and remittances favoring foreign tourists visiting India shall be allowed. No outward remittance from India is permissible under MTSS.
Donations/contributions to charitable institutions/trusts, trade related remittances, remittance towards purchase of property, investments or credit to NRE Accounts shall not be made through this arrangement.