Answer :
Final answer:
The maximum amount for a domestic money order is Rs. 50000 (4). Money orders facilitate secure transfer of funds within the country, with this limit ensuring convenience for larger transactions while maintaining security and reliability in financial transactions.
Explanation:
The maximum amount for a domestic money order can vary depending on the regulations of the issuing authority.
In this case, the maximum amount is specified as Rs. 50000.
This limit ensures that larger transactions can be facilitated securely within the country.
It provides convenience for individuals or businesses needing to transfer significant sums of money.
Additionally, it helps to maintain the security and reliability of financial transactions by placing a cap on the amount that can be transferred via money orders.
Therefore, the correct option is 4) Rs. 50000
What is the maximum amount permissible for a domestic money order transaction?
Rs. 5000
Rs. 10000
Rs. 20000
Rs. 50000
