Transcorp Forex Division is providing outward remittance services for the following purposes:-
|S.No.||Purpose of Release|
|1||Remittance by tour operators/travel agents to overseas agents/principals/hotels|
|2||Remittance by traveller travelling abroad out of foreign exchange drawn for private travel|
|3||Fee for participation in global conferences and specialized training|
|4||Remittance for participation in international events/ competitions towards training, sponsorship and prize money)|
|6||Medical Treatment abroad|
|7||Disbursement of crew wages|
|9||Remittance under educational tie up arrangements with universities abroad|
|10||Remittances towards fee for examination held in India and abroad and addition score sheets for GRE,TOEFL etc.|
|11||Employment and Processing consultancy fees for overseas job applications|
|12||Emigration and Emigration consultancy fees|
|13||Skills/credential assessment fees for intending migrants|
|15||Processing fees for registration of documents as required by Portuguese/other Govt.|
|16||Registration/ Subscription/ Membership fee to International organization|
Being WESTERN UNION's principal agent, Transcorp conducts global inward money transfer in minutes from more than 200 countries, making the process the fastest way of receiving money worldwide. With more than 40 own locations and a 6500-strong franchisee network throughout the country, Transcorp provides an efficient, reliable, convenient and easy way to receive money.
The Western Union Company, under the Western Union, brand, touches people around the world with approximately 4,45,000 agent locations in 200 countries and territories. For more than 150 years,Western Union has been a trusted symbol for connecting friends, family and businesses around the world and still continues to be so. Western Union remains an industry leader and provides consumers with fast, reliable and convenient ways to send and receive money around the world, as well as send payments and purchase money order.
Transcorp is a national Business Correspondent of State Bank of India and is undertaking various activities such as bank account opening, loan documentations etc.