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

​​​Electronic Money Club​

​A money gild is an lodge issued by the Postal service Function for the payment of a sum of money to the person whose proper name the money order is sent through the agency of the Mail Part. A 'Payee' is the person named in money order as the person to whom the money is to be paid . The advantage of  sending money to someone through money order is that the money is delivered at the house or his place of stay.

Procedure of sending the Coin Club

Buy a coin club 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 foot. A form without signature or pollex mark or incomplete in any respect volition not be accepted. All entries fabricated in the class must be legible and may be written in English, Hindi ot in the language of the district either by the remitter himself of past whatsoever ane on his behalf. The remitter may write on the coupon any communication he desires to make to the payee. The amount for which a unmarried coin order may exist issued must non exceed Rs 5000/-

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

A receipt will be given for the corporeality paid by him on business relationship of the money order and commission. Any mistake or omission in the receipt should be pointed out at once by the remitter, otherwise the Post Office will non be responsible.

Later on the money is paid to the payee the remitter of money order receives an acknowledgement of payment of the amount of the coin order 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 role will be given on awarding. However, in the case of money orders issued in favor of Government or District, Local or Municipal Boards, the acknowledgment in some cases is retained past the payee who issued a departmental receipt to the remitter direct.

How your Coin Lodge is sent and paid?​​​

Sure special types of Money Order Forms take been prescribed for remitting Government dues and some of them are electric current only inside the limits of the state for which they are issued. These forms tin exist obtained from the Postal service Offices concerned.

Note 1:- Could have been chargeable if the money order 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 amount of the re-directed society when it is brash to be country of destination.

Note 2:-​ In the instance of a money order in excess of the limit prescribed for remittance to a foreign country under any law or regulation in force at the time of such redirection, the remitter or the payee should obtain payment of the amount of the coin guild in India either personally or through a duly authorized agent or furnish the authorisation of the Reserve Bank of India permitting the remittance of the amount of the coin gild out of India by means of a foreign money order.

Alteration in address or place of payment:-​

The remitter of a money order which has not been paid may require that the address of the payee shall be altered or that the proper name of post office at which the order was originally made payable, shall exist inverse. The required change volition exist fabricated without additional charge on the remitter applying in writing to the Postal service Office at which the club was issued and producing the receipt and giving full particulars of the payees address as entered in the money order.

Amending of payee's name:-

The remitter of a coin gild which has not been paid may crave that the amount be paid to some person other than the payee named in the lodge. The required change will be made, on payment of a second commission equal to the start, on the remitter applying in writing to the post office at which the order was issued and producing the receipt and giving full particulars of the payee'south accost as entered in the money order.

Stoppage of payment :-​​

​The remitter of a money society which has not been paid may cease payment and require that the money be repaid to himself. This volition exist done without additional charge on the remitter applying in writing to the mail office at which the money order was issued and producing the receipt and giving full particulars of the payee'due south address as entered in the money order. In no instance notwithstanding will the Post Function exist responsible for inability or failure to stop payment of a coin order in compliance with the remitter's asking. ​