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DoP set to provide e-money order service across 70% of its post offices by year end

The
Department of Posts (DoP) is reportedly working on a plan to provide electronic
money order service at 70% of its about 1.55 lakh post offices by December,
reports the
Economic Times.  

The
Department of Posts (DoP) is reportedly working on a plan to provide electronic
money order service at 70% of its about 1.55 lakh post offices by December,
reports the
Economic Times.  

“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,” an
undisclosed official was quoted in the report as saying.

Post
the introduction of e-money order service, the department has witnessed a 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 same official told the Economic Times.

The official said in the report 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 was
quoted in the report as saying.  

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. 

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