![]() The recipient can simply get it collected from the service provider’s cash pick-up sites. All you need to do is send the money to the third-party transfer provider's account through encrypted transfer IDs. Under this option, you can send money to any location through a third-party vendor or a cash transfer provider. So, here are some options that they can consider wherein money can be transferred securely: 1. On the other hand, they might not be able to operate 100% digital options of money transfer that many are otherwise familiar with, such as NEFT or IMPS. Many people do not use banking as a regular mode of money transfer, even though they might have a Jan Dhan bank account or a regular savings account. ![]() Top 5 Ways to Send Money Without a Bank Account And to say the least, there are many ways to do that…Ĭontinue reading as we delve into the topic of how to transfer money without a bank account but in a secure manner so that they do not have to worry about the money getting lost in transit. This is why they need to be aware of how to send money to someone without a bank account or how to receive money without a bank account. Tens of millions of Indians-especially the lower-income group-work and live away from their home for better opportunities and to support their families.Īs a reality check, many people may not have a bank account, but should that forbid them from sending and receiving money? Some reports claim as many as 190 million people in India have no bank accounts.īut having no bank accounts does not mean these people do not need to transfer or receive money. Nevertheless, a large portion of the country’s population remains unbanked. It means that more people are financially inclusive in the country than it was in the past. The financial inclusion index in India for 2022 has risen from 53.9% to 56.4% in 2021.
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