E-money order to be Available Across 70% Post Offices by Dec

Posted By: Gizbot Bureau

    The Department of Posts is working on a plan to provide electronic money order service at 70 per cent of its about 1.55 lakh post offices by December.

    E-money order to be Available Across 70% Post Offices by Dec

    "DoP is procuring digital handheld terminals to transform various services. It is expected that various services mainly electronic money order service will be available in at least 70 per cent of post offices by end of this year," said an official.

    Recommended: Top 10 Smartphones with 3,000 mAh Plus Battery Below Rs 20,000

    Following the introduction of e-money order service, the department has seen growth in commission from money order service to about Rs 600 crore in financial year 2014-15, up from Rs 481.6 crore in 2011-12.

    "Almost all of our about 25,000 department post offices now have e-money order service. With this service, India Post (brand name under which DoP operates) is able to remit money next day to the doorstep that earlier took about a week, depending on the destination," the official said.

    E-money order to be Available Across 70% Post Offices by Dec

    Responding to certain reports, he said: "Improving a service does not mean closing of service. There are some private companies which have come with mobile money transfer technology that we think are spreading rumours.

    "With e-money order we have made money order more secure and fast and with involvement of government people feel safe."

    Recommended: Top 10 Most Expensive Mobile Phones Available in India (2015)

    He said that e-money order service is available throughout the country but a postman is required to collect pay order from the nearest computerised post office physically.

    "Once digital handheld devices will be available at extra-departmental post offices, which are operated by gramin dak sevaks, the money remittance time will be further reduced," the official said.

    A person can send maximum of Rs 5,000 through e-money order. India Post also offers instant money order service through which a person can send maximum of Rs 50,000.

    Source: PTI

    Read More About: emoney online news
    X

    Stay updated with latest technology news & gadget reviews - Gizbot

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Gizbot sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Gizbot website. However, you can change your cookie settings at any time. Learn more