- Disposal of detained or refused Money Orders:
If the payee of a money order or if the payee refuses to take payment on presentation of the money order to him ,the amount of the money order will be returned at once to the remitter free of charge:
Provided that if the payee while refusing to take payment on presentation of the money order to him,makes an application in writing to the post office of delivery for the detention of the money order or if the payee is not found at the address given on the money order ,the mpney order will be detained in the post office for period not exceeding 7 days from the date of its presentation to the payee or from the date it is sent out for the as the case may be.If the payee fails to take payment of money days,the money order will be returned to the remitter on the first working day immediately following expiry of the said period of seven days.The commision will in no case be refunded.
- Void Money Order:
If payment of a money order to the payee cannot be effected and the amount cannot be repaid to the remitter owing to the latter not being found,the order will become void and its value will be credited to Central Govt.But if the payee or remitter subsequently applies for payment ,the amount of the order will be paid to him on the authority of Postal Accounts Officer provided that application is made before the expiration of one year from the date of issue of the original order:
The amount of a money order other than a VP money order shall be repaid to be remitter in case the payee is dead: where the remitter or in case of VP money order the payee is dead:the amount of the money order up to 100 rupees shall be paid to the claimant on his executing a personal indemnity bond and for amounts exceeding 100 rupees, and indemnity bond with one surity shall be obtained from the claimant.
- Exception:- In the case of money orders issued from field post office and family allotment Mos remitted on behaif of sea men working on Indian Merchant ships ,the limit of time for making such an aplication shall be two years.
- Special Money Order Forms:
Certain special types of money order forms have been prescribed for remitting Govt dues and some of them are current only within the limits of the state for which they are issued .These forms can be obtained from the post offices concerned.
- Option Of Post Office:-The Directorate General may,at any time , or group of post offices of direct that money orders should not be issued except on payment of special rates of commision higher than the ordinary rates.