Indian Post Office Act, 1898
43. Power to maintain money order system and to make rules
as to remittances thereby
(1) The Central
Government may provide for the remitting of small sums of money through the
Post Office by means of money orders, and may make rules as to such money
orders.
(2) In particular and
without prejudice to the generality of the foregoing power, such rules may
prescribe-
(a) the limit of
amount for which money orders may be issued;
(b) the period during
which money orders shall remain current ; and
(c) the rates of commission or the fees to be
charged on money orders or in respect thereof.