OMTEX CLASSES: Post offices provide money remittance services.

Post offices provide money remittance services.

The above statement is True.

(i) Post offices provides a variety of other services apart from basic service of delivering letters and parcels from sender to receiver.

(ii) One of the services provided by post offices is money remittance service where in money can be transferred from one person to another person.

Following are the modes of money transfer:
(a) Money order
(b) Instant Money Order
(c) International Money Transfer
(d) Money Gram
(e) Money order Videsh
(f) Electronic International Money Transfer
(g) Foreign Exchange Service

(iii) Thus in the above modes, the post offices provide money remittance services.