Post office revamps money order through mobile services

August 2, 2012   ·   0 Comments


The Postal Department is launching an instant money remittance scheme, , in tie-up with the BSNL infrastructure by next month, Chief Postmaster General (Kerala Circle).

Postal Remittance Scheme:

As per the scheme a person can send money through the which will send a message to the other about the amount to be given to the other person, she said. The department is also planning to implement a range of products including e-post facility instead of letter, electronic money order scheme by which up to Rs. 5000 could be sent with a small message, ‘M O Videsh’ and pick-up service.

States to get Postal Remittance Scheme:

In the first phase the scheme will be implemented in selected states like Kerala, Bihar, New Delhi and Punjab.

In Kerala the scheme will be implemented in selected 30 post offices in Idukki, Aluva and Pathanamthitta. Koshy said the process of computerizing the entire postal network in the country, numbering 1.55 lakh post offices, was going on. In Kerala out of 1507 post offices, except 29 post offices rest are computerized.

Check this link to know how to use mobile phone to transfer money from one saving account to another

Finally Post offices have waken up from a long sleep and have started their way forward towards making progress. Lot of doubts are still in people’s mind about the charges post office will levy from people to use this service, the security quotient the remittance service will have. Even the limit of Rs. 5000 seems unjustifiable. With one of the worst services in Telecom, is it worth to partner with BSNL for mobile service? But none the less, it is start to a new beginning for one of the largest and lagging organization of India – Indian Postal Service and I do hope it brings the revamp which post offices need from so long. 

What do you feel about this service? Let me know your views in the form of comments. I would love to hear them.

Check out this link to know the latest interest rate offered by post office and other schemes:

You can also refer this link to know more about financial planning and power of Regular Savings:

  • Power of Regular Savings – Part 2

Rajesh Singla

Rajesh is the founder & CEO of Stockssavvy, Stocks analyst,financial advisor by choice,software engineer by fate,biker,gamer,cricket lover n enthusiastic person. He believes in doing things not just to get by but to get Ahead...

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