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Theory:

​A money order is an order issued by the Post Office for the payment of a sum of money to the person whose name the money order is sent through the agency of the Post Office.

A ‘payee’ is the person named in the money order as the person to whom the money is to be paid while a 'remitter' is the person who sends the money order. The advantage of sending money to someone through money order is that the money is delivered at the payee's house.

Procedure of sending the Money Order

  1. Buy a money order form at the counter of the post office. 
  2. Fill in ink the necessary entries adding his signature or thumbs marks at the foot. The post office will not accept a form without a signature or thumb mark or incomplete.
  3. All entries made in the form must be legible and may be written in English, Hindi or in any of the regional languages, either by the remitter or anyone on his/her behalf.
  4. The remitter may write any communication he/she desires to make to the payee on the coupon.
  5. The amount for which a single money order may be issued must not exceed Rs \(5000\).
  6. The money order form duly filled in, together with the amount of the money order and commission either in cash or by Cheque, be presented at the post office counter.
  7. A receipt will be given for the amount paid by him on account of the money order and commission. Any error or omission in the receipt should be pointed out at once by the remitter. Otherwise, the Post Office will not be responsible.
  8. After the money is paid to the payee, the remitter of money order receives an acknowledgement of payment of the amount of the money order signed by the payee or the authorized agent. If the acknowledgement is not received in a reasonable time, the post office will give a certificate of payment signed by the Postmaster on application.
International Money Order
​International money orders are to be sent through International Financial System (IFS). It is a software developed by UPU to coordinate international remittance services among the partner countries. The service is operational with La Poste Group (France) and UAE.​

Features

  • The remittances received under this service are being paid through our eMO (Electronic Money Order) service.
  • The Payee can receive remittances at any of the \(17,500\) post offices on eMO network.
  • The Payee receives the full amount in Indian Rupees.
  • The Payee can receive remittances up to INR \(50,000\) in cash.
  • Amount exceeding INR 50,000 to be paid through Cheque subject to a maximum limit of USD 2500.
  • A person can do a maximum of \(30\) transactions per year.
  • The beneficiary can collect payment from identified Post offices.
  • The beneficiary has to furnish a Unique MO Number (9 digits in case of UAE and 26 digits in case of France) and valid identification documents like Voter ID Card, Driving License, PAN Card, Ration Card, Aadhar Card, Passport etc. A copy of such document has to be handed over to Post Office staff for their record (KYC Documents).
  • The Payee can book same day payments for remittances before the cut-off time.
  • Payments are subject to RBI Guidelines from time to time.
Reference:
https://www.indiapost.gov.in/Financial/Pages/Content/Money-Order.aspx
https://www.indiapost.gov.in/Financial/Pages/content/IFS.aspx