Money Order

•A service to remit money from one place to another by customers •Door payment•Includes facility of sending message•Acknowledgement facility also available•Money order is an order issued by one P.O to another for payment of sum of money through agency of P.O.

Types of Money OrderS. NO TYPES Minimum Maximum

1 Ordinary money order e-MO

Rs. 1/- Rs. 5000/-

2 Service money order Rs. 1/- NO LIMIT

3 Value payable money order Rs. 1/- Rs. 5000/-

4 Foreign money order NEPAL BHUTAN

Rs. 1/-Rs. 1/-

Rs. 2000/-Rs. 5000/-

5 Family allotment Money order

Rs. 1/- Rs. 5000/-

Money Order

Note: 1.MO exceeding Rs. 399/- is called High Value MO Note:2.Remitter fills prescribed form.(MO-8)Note:3.Commission- Rupee 1/- for every Rs. 20/- or partNote: 4.No commission on MOs booked for National Defense Fund & Prime Minister’s Relief Fund Note:5.BO money orders will be rebooked at account office.

Electronic Money Order

• It is not a new service but a system of transmission of Money Order electronically among connected Post Offices registered as electronic Money Order offices

• Remitter will use pay-in-slip in place of Money Order form free of cost

Electronic Money Order

• Communication messages available both through standard codes and customized

• Electronic Money Order system will have provision for

–Remittance from one to one

–Remittance from one to many

–Remittance from many to one

Electronic Money Order

• Electronic Money Order booked in selected offices but will be paid in all Post Offices

• Fully secured since web registration of electronic Money Order offices by Divisional administrator

• Unique PNR number for every Money Order booked to facilitate tracking through India Post web site

Electronic Money Order

• The connected Head offices & Sub offices will book electronic Money Order for other connected Head offices (including Sub offices & Branch Offices in account) and other connected Sub offices (including Branch Offices in account)

• Money order booked at BOs will be rebooked at its AO as eMO

Exercise 3.8

Examination of Money order

•Proper form MO 8 is used•MO form is properly and correctly filled•Amount in words and figures•Name and address of the payee, destination with pin code•Name & address of the remitter in acknowledgement •Signature of remitter(Sender)

DEPARTMENT OF POSTS, INDIA MONEY ORDER PAY RUPEES FIVE HUNDRED ONLY……..Rs…500/- To…Narmada Publications Tiruvallikeni Road CHENNAI………………………………… ANJALI PIN .. 600018 Sender’s Signature DATE : 16.02.2012______________________________________________________________M.O. NO ……………………….… .……Date ……………………………

Rupees ------------------------------------- Combined Oblong stamp Assistant Postmaster ______________________________________________________________

Received Rupees………………………

Round M.O. stamp Signature of Payee Signature of witness/ identifier Oblong Stamp Signature of Paying Official ____________________________________________________________

M.O. ACKNOWLEDGEMENTMo No ……………………………….Date…………………………………….(Sender’s Name & Address) Ms. Anjali, Librarian, POSTAL TRAINING CENTRE Mysore -570010 Received Rupees……………………… …………………. On……………………… Date Stamp

Signature of Payee_____________________________________________________________ (Space for Communication)CAUSE SUPPLY OF BOOKS AS REQUESTED IN MY LETTER. DT. 01.10.2008

Rs.

Model BO

Blue entries are written by the sender/Remitter

Booking of Money orders at BOs

•After satisfying that the money form is filled up properly, BPM prepared the money order receipt MS 87(a)•Duplicate-double sided carbonic process•Write the word ‘Money Order’•Name and address of the remitter•Amount of value and commission•Total amount in words•Name and address of the sender•BPM to sign•Date stamp impression on the space provided

Demo of MS 87(a)

Booking of Money orders at BOs

•Hand over first copy of the receipt to remitter•Write the MS 87 (a) receipt number on the MO form with name of the BO and date of booking•Enter the particulars of MO in the remarks column of BO journal•Enter the MO particulars in the BO daily account such as receipt number, amount •Send the MO form to AO for rebooking at AO.

DEPARTMENT OF POSTS, INDIA MONEY ORDER PAY RUPEES FIVE HUNDRED ONLY……..Rs…500/- To…Narmada Publications Tiruvallikeni Road CHENNAI………………………………… ANJALI PIN .. 600018 Sender’s Signature DATE : 16.02.2012______________________________________________________________M.O. NO ……………………….… .……Date ……………………………

Rupees ------------------------------------- Combined Oblong stamp Assistant Postmaster ______________________________________________________________

Received Rupees………………………

Round M.O. stamp Signature of Payee Signature of witness/ identifier Oblong Stamp Signature of Paying Official ____________________________________________________________ M.O. ACKNOWLEDGEMENTMo No ……………………………….Date…………………………………….(Sender’s Name & Address) Ms. Anjali, Librarian, POSTAL TRAINING CENTRE Mysore -570010 Received Rupees……………………… …………………. On……………………… Date Stamp

Signature of Payee_____________________________________________________________ (Space for Communication)CAUSE SUPPLY OF BOOKS AS REQUESTED IN MY LETTER. DT. 01.10.2008

Rs.

Model BO

Red ink entries made by BPM after preparation of BO receipt Ms-87(a)

BO re

ceip

t 11/

12.0

1.20

12M

odel

BO

Rebooking of BO Money Order

•On receipt of BO MO at AO,AO will rebook and send the customer copy of MO receipt to BO duly invoiced in the BO slip•On receipt of MO receipt, the BPM check the amount, BO receipt(MS 87a) number, name of the payee with reference to office copy of the BO receipt•Paste the account office MO receipt to the office copy of the BO receipt

Exercise 3.9

Thanks