Presentation is loading. Please wait.

Presentation is loading. Please wait.

Money Order A service to remit money from one place to another by customers Door payment Includes facility of sending message Acknowledgement facility.

Similar presentations


Presentation on theme: "Money Order A service to remit money from one place to another by customers Door payment Includes facility of sending message Acknowledgement facility."— Presentation transcript:

1 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.

2 Types of Money Order S. NOTYPESMinimumMaximum 1Ordinary money order e-MO Rs. 1/-Rs. 5000/- 2Service money orderRs. 1/-NO LIMIT 3Value payable money orderRs. 1/-Rs. 5000/- 4Foreign money order NEPAL BHUTAN Rs. 1/- Rs. 2000/- Rs. 5000/- 5Family allotment Money order Rs. 1/-Rs. 5000/-

3 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 part Note: 4.No commission on MOs booked for National Defense Fund & Prime Ministers Relief Fund Note:5.BO money orders will be rebooked at account office.

4 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

5 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

6 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

7 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

8 Exercise 3.8

9 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)

10 DEPARTMENT OF POSTS, INDIA MONEY ORDER PAY RUPEES FIVE HUNDRED ONLY…….. Rs…500/- To…Narmada Publications Tiruvallikeni Road CHENNAI………………………………… ANJALI PIN Senders Signature DATE : ______________________________________________________________ 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. ACKNOWLEDGEMENT Mo No ……………………………….Date……………………………………. (Senders Name & Address) Ms. Anjali, Librarian, POSTAL TRAINING CENTRE Mysore Received Rupees……………………… …………………. On……………………… Date Stamp Signature of Payee _____________________________________________________________ (Space for Communication) CAUSE SUPPLY OF BOOKS AS REQUESTED IN MY LETTER. DT Rs. Model BO Blue entries are written by the sender/Remitter

11 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

12 Demo of MS 87(a)

13 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.

14 DEPARTMENT OF POSTS, INDIA MONEY ORDER PAY RUPEES FIVE HUNDRED ONLY…….. Rs…500/- To…Narmada Publications Tiruvallikeni Road CHENNAI………………………………… ANJALI PIN Senders Signature DATE : ______________________________________________________________ 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. ACKNOWLEDGEMENT Mo No ……………………………….Date……………………………………. (Senders Name & Address) Ms. Anjali, Librarian, POSTAL TRAINING CENTRE Mysore Received Rupees……………………… …………………. On……………………… Date Stamp Signature of Payee _____________________________________________________________ (Space for Communication) CAUSE SUPPLY OF BOOKS AS REQUESTED IN MY LETTER. DT Rs. Model BO Red ink entries made by BPM after preparation of BO receipt Ms- 87(a) BO receipt 11/ Model BO

15 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

16 Exercise 3.9

17 Thanks


Download ppt "Money Order A service to remit money from one place to another by customers Door payment Includes facility of sending message Acknowledgement facility."

Similar presentations


Ads by Google