MCQs On Guidelines issued by Directorate on eMO, IMO, IMTS, MMTS and IFS MO | IPO Exam Quiz | Group B Exam Quiz | Weekly Tests | Number 14 | Notes |
Guidelines issued by
Directorate on eMO, IMO, IMTS, MMTS and IFS MO
eMO: Electronic Money Order
IMO: Instant Money Order
IMTS: International Money Transfer Service
MMTS: Mobile Money Transfer Service
IFS: International Financial System
WUMT: Western Union Money Transfer Service
|
eMO (Electronic
Money Order) |
|
|
Minimum
Amount |
₹ 1 |
|
Maximum
Amount |
₹ 5000 |
|
iMO (Instant
Money Order) |
|||||||||
|
Minimum
Amount |
₹ 1000 |
||||||||
|
Maximum
Amount |
₹ 50000 |
||||||||
|
iMO
Number |
16
Digit |
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|
IMO
Commission Chart |
|
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International Financial System (IFS) is software developed by UPU to coordinate international remittance services among the partner countries. At present the service is operational with La Poste Group, France and UAE
|
IFS
(International Financial System) |
|
|
Remittances up to INR 50,000 can be received in cash |
|
|
Maximum
Limit |
2500 USD |
|
Maximum
Limit of Transaction per year |
30 |
|
UAE
Unique MO Number |
9 Digits |
|
France
Unique Number |
26 Digits |
International Money Transfer Service: As a result of the collaboration of the Department of Posts, Government of India with the Western Union Financial Services, a state of the art International Money transfer Service is now available through the Post Offices in India, which enables instantaneous remittance of money from around 195 countries and territories to India. The recipients can in fact collect the money in minutes after the sender has made the remittance
|
Service Discontinuation Dates |
|
|
MO Videsh |
06.02.2015 |
|
Mobile
Money Transfer |
26.03.2018 |
|
Instant
Money Order |
14.07.2020 |
|
Money Gram IMTS Service |
02.05.2016 |