Quote:
Originally Posted by Insaf Sindhu
Dear friends,
Postal order is like a crossed check. It can be obtained from any post office. Mostly post offices have the authority to issue the postal order of Rs. 50 or less on which charges are Rs.15/postal order of any amount. Now we have to buy 6 postal orders of Rs.50 for which we have to pay Rs.90 separately as charges.
On the other side there is Bank Draft or Demand Draft, it is also like a crossed check. Any Bank Draft is charged with Rs.580/Bank Draft. While if you have any account in the bank then you have to give them check its benefit is that the charges will be reduced to Rs.280.
For Example: You required a Bank Draft of Rs.1000. Now you have to give them a check of Rs.1280. Bank draft will be of Rs.1000 and Rs.280 will be charged as bank charges.
Hope you all have got it.
This is all as per my little knowledge. Any kind of mistake if I have done, please intimate, it would be my pleasure.
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So do you mean, there are 28% bank charges? - So, we have to pay (Rs.300/- demand draft + Rs.84/- bank charges) = Rs.384/-?
And, 30% postal order charges?