You don’t have to go to the Post Office to send a Money order (MO) in India. Now you can send Money Order to your friends and relatives from on an online bank account. It is very easy. Sending Money order online is called Smart Money Order.
You can send MO at any time and to any place in India. Some of the banks such as ICICI Bank are offering online Money Order facility. You need to have an account with ICICI Bank. Get the user id and password from the bank for Internet banking.
Benefits of the Online Money Order are:
Don’t need to deal with Physical cash.
You can send the money order any time on any day.
The recipient doesn’t need to have a bank account.
Money will be delivered at the doorstep of the recipient.
Save your time by sending the MO at the click of a mouse.
Don’t need to run for sending DD or cheques.
Send Money to anywhere in India.
The minimum limit for Money Order is Rs 100 and in multiples. The maximum limit is set at Rs 5000.
ICICI Bank charges Rs 25 per transaction apart from 25% tax on the transaction amount.
How to Send Money Order Online
Log on to your ICICI Bank account with userid and password.
Click on the Funds Transfer link on the left hand side.
Click on the Smart Money Order link on the left hand side.
Click on the link “Send a Money Order”.
Enter Sender Details:
Name of Sender
Address of Sender (Line 1)
Address of Sender (Line 2)
Address of Sender (Line 3)
Select Debit Account
Click on the Proceed link to send Money Order.
You will get the receipt of the MO after its delivery.
Any ICICI bank customer can send the Money order online on behalf of friends and relatives if they don’t have ICICI bank account.
NRIs, who are having an ICICI Bank account, can also send a Money Order online to friends and relatives in India. NRI should give an Indian address in the Sender address field to send Money Order.
India Post will deliver cash to the recipients at their address in India within 15 days of sending Money Order.