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Money order

Money order. Money order - definition. An order issued by one post office to another for payment of a sum of money through the agency of the post office. Types of money order. Ordinary money order. MO whose value is Rs. 400/- and above is called High Value MO Sent in Registered bag

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Money order

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  1. Money order

  2. Money order - definition An order issued by one post office to another for payment of a sum of money through the agency of the post office

  3. Types of money order

  4. Ordinary money order • MO whose value is Rs. 400/- and above is called High Value MO • Sent in Registered bag • Remitter fills up form no. MO-8 • Commission- Rupee 1/- for every Rs. 20/- or part • Note- No commission on MOs booked for National Defence Fund & Prime Minister’s Relief Fund

  5. Service money order • Used by DOP to make remittance of dues to its employees and customers • No commission is charged on service MO

  6. Value payable money order • A special type of MO 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

  7. Foreign money order • MOs booked in India for Nepal & Bhutan • eMO transmission available for money orders for Bhutan

  8. Family allotment MO • MOs booked by Defence personnel to their families • Commission- 6% of total amount • Postmaster receives the payment of MO & credits the amount in Saving account of the family member

  9. Checks on MOs for booking • Counter PA to see that:- •  Proper Form used (MO-8) •  Filled in ink or ball point pen •  Amount in words and figures without correction •  Amount within the limit •  Name and address clear and complete •  Signature of remitter or agent with date •  Name and address in ackt portion •  Not payable to fictitious or indefinite address •  Not payable to more than one person and • not addressed to c/o postbox

  10. Practice • Exercise 2.11.1

  11. Booking MO in Point of sale • Booking transaction form is accessed through the menu as shown in figure below

  12. MO booking transaction form

  13. Official entries on MO form • Made after booking of MO • Done in red ink; Following particulars are entered • M O Number •  Date • Amount – in words and figures •  PA’s Signature •  Supervisor’s Signature •  For HVMOs – •  Indicate “HVMO” on the top •  M O Number and date on the top •  Name stamp •  MO No & Date of booking to be noted in Ackt portion also in all MOs • A bundle with ordinary MOs to be handed over to despatch module operator • HVMOs to be separately handed over to despatch module operator for generation of HVMO list

  14. Specimen MO after booking

  15. MO issue list • On close of the counter, Point of sale PA settles the account with treasurer and performs shift end • After shift end, he/she can print reports • List of MOs issued is generated using the menu ‘Reports – Detailed’

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