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Write short notes on : Postal Order - Business Studies

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Question

Write short notes on :
Postal Order 

Short Note

Solution

Postal Order:

A postal order is an order issued by one post office on another to pay a certain sum of money to the payee on the production of the order. Postal orders can be . purchased in different denominations from post offices. It can be crossed also. It is valid for 6 months and can be renewed on payment of a nominal fee for another 6 months.

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