​​​​​​​​​​​​​ Money Remittance Services

​​​Electronic Money Society​

​A money order is an order issued past the Post Office for the payment of a sum of coin to the person whose name the coin club is sent through the agency of the Post Office. A 'Payee' is the person named in coin order every bit the person to whom the money is to be paid . The advantage of  sending money to someone through money order is that the coin is delivered at the house or his place of stay.

Process of sending the Money Order

Buy a coin order form at the counter of the postal service part. A remitter is the person who transport money order.

Fill up in ink the necessary entries adding his signature of thumbs marks at the pes. A form without signature or thumb mark or incomplete in whatever respect will non exist accustomed. All entries made in the form must be legible and may be written in English, Hindi ot in the linguistic communication of the district either by the remitter himself of by any one on his behalf. The remitter may write on the coupon any communication he desires to brand to the payee. The amount for which a single money order may be issued must non exceed Rs 5000/-

The money guild class duly filed in, together with the amount of the money order and commission either in cash or past Cheque be presented at the post office counter.

A receipt volition exist given for the amount paid by him on account of the coin order and committee. Any error or omission in the receipt should be pointed out at in one case by the remitter, otherwise the Post Office volition not be responsible.

After the coin is paid to the payee the remitter of money order receives an acknowledgement of payment of the amount of the money guild signed by the payee or his authorized agent. If the acknowledgment is non received in a reasonable time, a certificate of payment signed by the Postmaster of the office will be given on application. Yet, in the case of money orders issued in favor of Government or Commune, Local or Municipal Boards, the acknowledgment in some cases is retained by the payee who issued a departmental receipt to the remitter directly.

How your Money Gild is sent and paid?​​​

Sure special types of Money Order Forms have been prescribed for remitting Government dues and some of them are current only inside the limits of the state for which they are issued. These forms can be obtained from the Post Offices concerned.

Annotation i:- Could have been chargeable if the money order had originally been fatigued in a mail office of that country and the commission at the inland charge per unit already paid will exist deducted from the amount of the re-directed order when information technology is advised to exist country of destination.

Note 2:-​ In the case of a coin order in excess of the limit prescribed for remittance to a foreign country nether whatsoever constabulary or regulation in forcefulness at the fourth dimension of such redirection, the remitter or the payee should obtain payment of the corporeality of the money order in Republic of india either personally or through a duly authorized agent or furnish the dominance of the Reserve Bank of India permitting the remittance of the amount of the money guild out of Bharat past means of a foreign coin club.

Alteration in address or identify of payment:-​

The remitter of a money order which has non been paid may require that the accost of the payee shall be contradistinct or that the name of post office at which the order was originally made payable, shall exist changed. The required change volition be made without additional accuse on the remitter applying in writing to the Post Office at which the order was issued and producing the receipt and giving total particulars of the payees address as entered in the coin society.

Amending of payee'due south proper name:-

The remitter of a money social club which has not been paid may require that the corporeality be paid to some person other than the payee named in the order. The required change will be made, on payment of a second commission equal to the kickoff, on the remitter applying in writing to the mail office at which the order was issued and producing the receipt and giving full particulars of the payee's accost as entered in the coin order.

Stoppage of payment :-​​

​The remitter of a money order which has not been paid may stop payment and crave that the money be repaid to himself. This volition exist done without additional charge on the remitter applying in writing to the postal service part at which the money club was issued and producing the receipt and giving total particulars of the payee's accost every bit entered in the money gild. In no example however will the Post Part exist responsible for inability or failure to stop payment of a money club in compliance with the remitter's request. ​