How to transfer money from post office using iMO?

Money can be transferred using iMO from the post office. There are currently 24 IMO post offices in 11 cities across the country. It is a web-based instant money transfer service where the receiver gets the money instantly.

(Photo courtesy: Zee Business)

The customer can deposit an amount up to Rs 19,999  in the form of cash or can be credited to the person's savings account in the same IMO post office. Money amounting to more than Rs 20,000 will require a check. 

The customer needs to fill a Remit Payment form at the counter in the iMO post office and receives a counterfoil of the receipt that is a computer-generated Confidential number of 16 digits.

(Photo: Reuters)

The person who wishes to transfer money needs to share the iMO number i.e., 16 digits iMO number using phone, SMS, email, or other means. The person receiving the money can get the money by sharing the same 16 digits information in any iMO based post office. 

The receiver needs to fill in the form along with a photo identity card to successfully carry the transaction. The identity card can be a voted ID card, PAN card, Ration card with photo of the receiver, Driving license, passport, etc.