E-money Order to be available across 70% Post Offices

News

• DoP is procuring digital handheld terminals to transform various services.
• 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.
• 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.

Current Scenario

• 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.
• 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.

Advantage

• With e-money order  money order has been made more secure and fast and with involvement of government people feel safe.