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

​​​Electronic Money Guild​

​A money order is an order issued by the Post Part for the payment of a sum of money to the person whose proper noun the money social club is sent through the agency of the Mail service Role. A 'Payee' is the person named in coin gild as the person to whom the coin is to exist paid . The advantage of  sending money to someone through money club is that the money is delivered at the house or his place of stay.

Process of sending the Money Order

Purchase a money club form at the counter of the postal service part. A remitter is the person who send money order.

Fill in ink the necessary entries calculation his signature of thumbs marks at the human foot. A form without signature or thumb marker or incomplete in any respect volition not be accepted. All entries made in the form must be legible and may be written in English, Hindi ot in the language of the district either by the remitter himself of past any 1 on his behalf. The remitter may write on the coupon any advice he desires to make to the payee. The corporeality for which a single money club may exist issued must non exceed Rs 5000/-

The coin gild form duly filed in, together with the amount of the money society and commission either in cash or by Check be presented at the mail service function counter.

A receipt will be given for the amount paid by him on account of the money club and committee. Any error or omission in the receipt should be pointed out at once past the remitter, otherwise the Post Office will not be responsible.

After the money is paid to the payee the remitter of money order receives an acknowledgement of payment of the corporeality of the money society signed by the payee or his authorized agent. If the acknowledgment is not received in a reasonable time, a certificate of payment signed by the Postmaster of the office will be given on application. Even so, in the example of money orders issued in favor of Authorities or District, Local or Municipal Boards, the acquittance in some cases is retained past the payee who issued a departmental receipt to the remitter direct.

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

Certain special types of Money Gild Forms take been prescribed for remitting Government dues and some of them are current merely within the limits of the country for which they are issued. These forms tin be obtained from the Post Offices concerned.

Note 1:- Could accept been chargeable if the money lodge had originally been drawn in a post office of that country and the commission at the inland charge per unit already paid will be deducted from the corporeality of the re-directed order when it is brash to be country of destination.

Note two:-​ In the case of a money lodge in excess of the limit prescribed for remittance to a foreign country under any police force or regulation in force at the time of such redirection, the remitter or the payee should obtain payment of the amount of the money society in Republic of india either personally or through a duly authorized agent or furnish the authority of the Reserve Bank of India permitting the remittance of the amount of the money social club out of India by means of a foreign coin lodge.

Alteration in address or place of payment:-​

The remitter of a money order which has not been paid may crave that the address of the payee shall exist altered or that the name of mail function at which the order was originally made payable, shall be changed. The required change will be made without additional charge 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 payees address as entered in the coin gild.

Alteration of payee'due south name:-

The remitter of a money order which has not been paid may require that the amount be paid to some person other than the payee named in the order. The required modify volition be made, on payment of a 2nd commission equal to the offset, on the remitter applying in writing to the post role at which the order was issued and producing the receipt and giving full particulars of the payee's accost as entered in the money order.

Stoppage of payment :-​​

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