Instant money order in Malabar
The Postal Department has launched Instant Money Order (IMO) scheme in the Malabar region of Kerala to provide speedy and hassle-free cash transactions at comparatively cheaper tariff.
”It takes only five minutes to make the payment to the beneficiary and that too at cheaper tariff,” through any head post offices (HPOs) in the country,” Assistant Director N V Balan, coordinating the scheme, said.
He said a sender has to pay only Rs 150 for Rs 1000 to 5,000 and Rs 330 for above Rs 5,000 and upto Rs 50,000 as against the normal five per cent money order charge.
The facility, launched about a month ago, was available in 17 head post offices (HPO) in the region and would be extended to other computerised post offices soon, he added.
The department was in the process of embarking on a advertisement campaign to spread awareness among the people about the scheme, Mr Balan said.
