MO Videsh

MO Videsh

Money Order Videsh is a new offering of India Post to facilitate remittances to foreign countries and receiving of remittances from foreign countries through the medium of your neighbourhood Post Office. The service was launched on 24/10/09 by Honourable Minister of Communications and IT Sri A Raja. Initially the service will be offered through head post offices.

Salient features of the service

1.Outward remittance payable to beneficiaries in cash, by cheque, as well as crediting of the payment into the account of beneficiaries.

2.There will be two types of remittance charges

(a) Charges collected from the remitter as in the case of domestic MO-Option(A)

(b) Charges deducted from the amount payable to the beneficiary -Option(B)

3. Monetary limitations

(a) Inward remittance upto Rs 50000/- can be received in cash.

(b) Remittance above Rs 50000/- will be paid by cheque or credited into account of the payee.

(c) Each inward remittance shall not exceed 5000 USD at a time and a maximum of 12 inward remittances are allowed in a year

(d) Outward remittances are subject to RBI limitations

(e) Limit of outward remittance would be different for different countries depending on the bilateral agreements with the countries Watch out for more information on the countries to which the facility will be available and other related information. Form A2 (Application for Remittance Abroad) is available for download. This needs to be submitted in original at the PO Counter.