Postal Directorate has finally decided to stop
the MO Videsh service with immediate effect. The circulars regarding discontinuation
of booking of MO Videsh (Eurogiro) has been given to all Circles. The
service was launched on 24.10.2009 to facilitate remittances to foreign
countries and receiving of remittances from foreign countries through Post
Offices.
The Citi bank has conveyed their unwillingness
to continue their service beyond 31stJanuary 2015 and there was no
other partner bank to continue the service. Mo Videsh service was
offered by India Post through Citi Bank as a settlement partner bank for
Eurogiro transactions.
This service was not at all a success due to
many factors like lack of proper publicity, lack of co-operation from operative
staffs, complexity in procedure, etc. This service was first introduced
in Head Post Offices there after it has extended to all offices. Even if
the service was own product of India Post, the employees has not given much
importance for booking MO Videsh.
