Department of Revenue and Department of posts should look into heavy revenue-loss because of postal-orders being still continued in decades’ old lower denominations. Present denominations for postal-orders presently are rupees 1, 2, 5, 7, 10, 20, 50 and 100. But postal-orders of rupees 1, 2 and 7 are hardly available or even of any considerable use.
Even if postal-orders of these denominations are available, they are very old and not handle-able. Considering high cost of printing and handling of postal-orders (It was rupees 22.71 in the year 2005-2006), postal-orders should be in minimum 20-rupees denomination. Instead new denominations of rupees 200 and 500 can be added.
Since postal-orders in loss-making denomination of rupees ten is largely used as a mode of payment for RTI fees, numbered RTI-postal-coupons or RTI stamps (on lines of revenue-stamps) should be issued in denominations of rupees 10, 20, 50 and 100 as convenient mode of paying RTI fees and copying charges under RTI Act.
Postal-orders should be given new-look besides having a convenient sale-system. With modernised clearing-operation, it is needless to provide space for payable Post-Office. These should be payable at par at all post-offices. Presently postal-orders are available only at select post-offices that too in restricted timings of just two hours. These should be available at all post offices during their complete working hours like postage-stamps are sold. Postal-orders should also be available for frequent users in convenient booklet-forms with ten postal-orders each.