Savings Bank Money Order (SBMO)
Savings Bank (SB) Money Orders will be accepted like other money orders except that no commission will be charged on such money orders.
Holding an account in a post office
(preferably nearer home) and regularly remitting in to the account . The
government pays the MO commission.
MO is remitted to the Postmaster who is
holding the account.
Remittance to branch postmaster does not
arise as the accounts are standing in the SO
only.(No brach office can independently
open or operate accounts)
SBMOs will be made payable to the Postmaster of the Head Post Office/Sub Post Office concerned and not to the Branch Postmaster. Ordinary MO form will be used for the same.
Savings Bank Money Orders
