Saturday 8 February 2020

Discontinuation of IMO in Post Offices

Instant Money Order (iMO) Service of Department of Posts, which was introduced on 20th January, 2006 will be discontinued shortly through Gazette Notification and no iMO will be booked and paid thereafter. 
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What is iMO? 
iMO is an instant web based money transfer service through Post Offices (iMO Centre) in India between two resident individuals in Indian territory.
You can transfer money from INR 1,000/- to INR 50,000/- from designated iMO Post Offices.

iMO Booking Procedure

Fill up the “To Remit Payment” (TRP-1) form and submit it with money at iMO Post Office Counter.
iMO Counter clerk after booking the iMO immediately will give a printed receipt with computer generated confidential 16 digit iMO number in a sealed condition. Even the 16 digit iMO number will not be known to booking clerk.
Customer is required to tear off the seal and convey the confidential 16 digit iMO number to the receiver over phone, SMS, e-mail, etc. at his means and risk.

iMO Delivery Procedure

Receiver to present the 16 digit iMO number at any designated iMO post office counter and will fill up and submit a “To Make Payment” (TMP-1) form along with a copy of his personal identity proof.
Receiver can receive the payment in cash up to INR 50,000. He can also receive the payment through his post office savings bank account in the same iMO office.
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N.B. It is to mention here that the100 years traditional Money Order Service has been closed w.e.f 1st April, 2015. Now only the eMO service will continue to send/receive money to/from near & dear ones.