Monday, February 8, 2016

Post Office Postal Orders/Money Orders



Synopsis of the new regulations is given as under:

General permission has been given to any person to buy foreign exchange from any post office in India in the form of postal order or money order.

The new regulations shall come into force with effect from December 29, 2015.

Based on RBI Circular dt 04/02/16. Please visit www.rbi.org.in for any further clarification if required…..       Poppy