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Accountable Mails

Accountable Mails. Object. Makes transmission of articles more secure, delivery under acquittance Covers all risks in course of transmission In case of loss department pays compensation. Registration Insurance. Object.

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Accountable Mails

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  1. Accountable Mails

  2. Object • Makes transmission of articles more secure, delivery under acquittance • Covers all risks in course of transmission • In case of loss department pays compensation • Registration • Insurance

  3. Object • Value payable system helps traders to recover the cost of goods supplied to their customers by issuing the money order to the sender of the articles. • Value payable

  4. Tariff of Registered articles • Postage(as per weight) • Registration fee( compulsory) – Rs.17-00 • Acknowledgement Due(optional) --Rs.03-00

  5. Tariff of Insured articles • Postage(as per weight) • Registration fee(compulsory) Rs.17-00 • Insurance fee(compulsory) • Up to Rs 200/- Rs.10-00 • For every additional 100 or part Rs. 06-00 • Acknowledgement Due(compulsory free)

  6. Tariff of Value payable • Postage(as per weight) • Registration fee(compulsory) --Rs17-00 • Value Payable fee • Up to Rs 20/ - Rs.02-00 • Above Rs 20 to 50/ - Rs 03-00 • Above Rs.50/ - Rs.05-00 • Insurance is compulsory If Value Payable is above Rs. 500/-

  7. Comparison between VP and eVP VP eVP Remittance of VP amount through ePayment. This is not required. This is not required. • Remittance of VP amount through VP Money Order. • VP MO form is required to be filled in by sender. • MO commission will be recovered from the addressee of the VP article.

  8. Exercise 2.1.2

  9. What is a Money Order • A service to remit money from one place to another by the customers • Door payment • Includes facility of sending message • Acknowledgment facility also available • Commission - Re.1 for every Rs.20 or part • No commission on MOs booked for National Defence Fund and Prime Minister’s Relief Fund

  10. Different types of money orders TEN -TYPES • Ordinary money order • Service money order • Value payable money • Foreign money order • BSNL money order • Instant Money Order • International Money transfer service. Minimum Maximum Rs.01 Rs.5000 Rs.01 no limit Rs.01 Rs.5000 Rs.01 Rs.2000(Nepal) Rs.5000(Bhutan) Rs.01 Rs5000 Rs.1000 Rs. 50000 Rs. --- $ . 2500

  11. electronic Money Order • Electronic Money Order means electronic transmission of ordinary money order. • It facilitates transmission of MO electronically among connected POs registered as electronic MO offices • It is not a new service but a tool of transmission of MO

  12. electronic Money Order • Electronic MOs are booked in selected offices but paid by all POs. • Fully secured since web registration of electronic MO Offices done by Divisional administrator • Unique PNR number for every MO booked to facilitate tracking through India Post site.

  13. Service Money Order • A Money order to send payments to employees of DOP and to its customers • No commission is charged.

  14. Value Payable Money Order • A special type of MO Form to be attached with VP article by sender • Sender receives amount of his article through VPMO booked by the Delivery office • Commission at the rate of Ordinary MO is charged from the addressee of VP article • A special form (MO-51) is used

  15. Foreign Money Order • MOs booked in India for Nepal & Bhutan • Commission @ Ordinary MO is charged • MOs received in India from other countries for payment

  16. Family Allotment Money Order • MOs booked by Defence personnels to their families • Commission- 6% of total amount • Postmaster receives the payment of MO & credits the amount in Saving account of the family member

  17. Instant Money Order • Gives speed, mobility, safety and reliability • An instant web based money transfer service in India • Min Rs.1000/- ,Max – Rs.50000/- • Can be transferred from designated iMO offices

  18. Instant Money Order… • Customer has to fill-up ‘To Remit payment’(TRP-1) form • Payee to fill-up ‘To Make payment’(TMP-1) form along with personal identity proof • Rates of commission are different from ordinary MO

  19. MO Videsh • A system of remittance to and from foreign countries, through the medium of post office • Min 100 USD per transaction • Max 5000 USD per transaction • Ceiling for purposes: • Education,. Medical, Immigration 100000 USD per annum

  20. MO Videsh • Travel 10000 USD per annum • Limit of outward remittance would be different for different countries depending on the bilateral agreements with the countries

  21. MO Videsh • For the following purpose MO videsh can be accepted (i) studies abroad – Estimates from University/College etc., (ii) Medical Treatment abroad – Estimates from Hospital/Doctor (iii) Family maintenance – Declaration from Remitter (iv) Travel abroad – Hotel/Travel agent invoice etc

  22. Indian Postal Order • A service for remitting small amount of money through post offices • Sold in all Post Offices • Useful for students to send fee required for different competitions • Available in eight denominations and commissions for IPOs are given in the next slide.

  23. Indian Postal Orders

  24. Exercise – 2.1.3

  25. Thank you

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