Because of the fears of money laundering and misuse of the electronic money transfer facility by terror outfits, the Ministry of Home Affairs and the Financial Intelligence Unit (FIU) have sought for a detailed verification of all sub-agents of wire transfer companies such as the Western Union.
The Postal department of India is planning to offer banking services through its full-fledged bank to be named Post bank of India.
Today, e-post is a reality all over India and a large share of the credit goes to Andhra Pradesh for pioneering it. The department of posts for the Andhra Pradesh circle has spearheaded the
