End of Money Order Era

The following article is based on my own interpretation of the said events. Any material borrowed from published and unpublished sources has been appropriately referenced. I will bear the sole responsibility for anything that is found to have been copied or misappropriated or misrepresented in the following post.

Deepak Kumar, MBA 2014-16, Vinod Gupta School of Management, IIT Kharagpur

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India post has quietly discontinued traditional money order service like telegram ending 135 years old legacy. This service was an integral part of India Post since 1880 facilitating pan India door delivery of funds to a payee from over 1.55 lac post offices.

Now we have ways of electronic money order (eMO) and instant money order(iMO) to deliver money. Both the services are much faster, simpler and reliable than traditional one. The iMO system provides instant money order service for amounts ranging from Rs. 1000 to Rs. 50000. Money can be remitted at the designated form by filling a form along with an identity proof. In case of eMO money is paid at the doorstep of a payee from Rs. 1 to Rs. 5000 within a day. This can also be on India Post website.

But for many, especially senior citizens, the end of the traditional money order evoked a sense of nostalgia and to an extent, some sadness as well. Earlier people were having option of sending the money along with messages. So, people were used to send money in marriages like Rs. 11, Rs.21, Rs.51 etc along with congratulatory messages. The new system surely have lost that personal touch.

 

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References

1. The Hindu

2. www.indiapost.gov.in/

 

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