India Post: Want to transfer money instantly? This services allows you to send up to Rs 50000
Do you know what is India Post instant Money Order or iMO and what its benefits are? The iMO service being given by India Post is an instant on-line money transfer service by which you can instantly transfer money from a minimum of Rs 1000 up to Rs 50000 from any designated iMO post office. The facility is instant, convenient, reliable and affordable
Do you know what is India Post instant Money Order or iMO and what its benefits are? The iMO service being given by India Post is an instant on-line money transfer service by which you can instantly transfer money from a minimum of Rs 1000 up to Rs 50000 from any designated iMO post office. The facility is instant, convenient, reliable and affordable.
The person who intends to make payment through the iMO facility is required to carry his identity proof.
Know the iMO Booking Procedure
1) To book the iMO, you are required to fill up the ‘To Remit Payment’ (TRP-1) form and submit it with money at iMO Post Office Counter.
2) iMO Counter clerk after booking the iMO immediately will give a printed receipt with computer generated confidential 16 digit iMO number in a sealed condition. Even the 16 digit iMO number will not be known to booking clerk.
3) India Post advises the customers to tear off the seal and convey the confidential 16 digit iMO number to the receiver over phone, SMS, e-mail, etc. at his means and risk.
Know the iMO Delivery Procedure
Once the receiver gets the 16 digit iMO number, he is required to present the 16 digit iMO number at any designated iMO post office counter. The receiver will also have to fill up and submit a ‘To Make Payment’ (TMP-1) form along with a copy of his personal identity proof.
Receiver can receive the payment in cash up to Rs 50000. He can also receive the payment through his post office savings bank account in the same iMO office.
See Zee Business Live TV Streaming Below:
The post office will charge some commission for sending the money. See the commission here:
-- Rs 1000 – Rs 10000 – the commission is Rs 100
-- Between Rs 10001 and Rs 30000 the commission is Rs 110
-- Between Rs 30001 and Rs 50000 the commission is Rs 120
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Top 7 Flexi Cap Mutual Funds With up to 52% SIP Return in 1 Year: Rs 20,000 monthly SIP investment in No. 1 fund has generated Rs 3.02 lakh; know about others too
Rs 55 lakh Home Loan vs Rs 55 lakh SIP investment: Which can be faster route to arrange money for Rs 61 lakh home? Know here
01:33 PM IST