Business Studies, asked by nisargchaudhary960, 6 months ago

In which type of money order service money does not reach to the doorstep of the receiver​

Answers

Answered by rg71713
5

Money Order

This is a domestic money transfer facility through post office. Money send through money order is paid at the door-step of the payee and this service is available in all post offices . Maximum amount which can be remitted through a single money order is Rs.5000/-. Remitter can pay the amount in cash or Cheque at the booking office and the charges for the service is 5% of the value of money to be transmitted. Remitter gets acknowledgement signed by the Payee. There is a provision for sending short communication also along with the money order.

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