The Department of Post today launched an electronic money transfer facility across the country that would make remittance of money through the postal route faster.
This facility would be offered to customers without any extra cost, a Department of Post statement said.
However, the existing paper format money order facility would also be available along with the electronic service, it added.
Booking facilities of electronic money order (eMO) would be available in a phased manner from post offices, where Internet or broadband connectivity is available.
Post offices would book money orders electronically for all other post offices connected through Internet or broadband, it added.
Initially, the facility would be launched across 2,500 post offices.
The eMO facility would have similar tariffs and limits of remittance that the existing money order service has. However, once the process stabilises, the department may consider raising the maximum limit of remittance, the statement said.
A trial run of this facility has already been carried out at head offices and GPOs in New Delhi, Bangalore, Mysore, Indore and Tiruchirapalli, the statement said.