Facility for Cheque in Branch Post Offices for Account Opening & Subsequent Deposits

Facility for Cheque in Branch Post Offices for Account Opening & Subsequent Deposits

SB ORDER No. 22/2020

e.F.No. CB- 25/9/2020-FS
Govt. of India
Ministry of Communications
Department of Posts
(Financial Services Division)

Dak Bhawan, Sansad Marg,
New Delhi-110001, Dated: 18.06.2020

To,
All Head of Circles/Regions.

Subject:- Acceptance of Cheque in Branch Post Offices for Account Opening and Subsequent Deposits- regarding.

Sir / Madam,

The references have been received in this office from time to time to provide facility for cheque acceptance in respect of New Account Opening (RD/TD/SSA) and Subsequent Deposits in SB/RD/SSA accounts in GDS Branch Post Offices. The matter has been examined in detail in the light of Rule 8, Rule 9 & Rule 10 in Appendix I of the POSB Manual Volume I and the competent authority has accordingly approved restoration of Cheque deposit facility in GDS Branch Post Offices for New Account Opening and for Subsequent Deposits irrespective of any amount limit.

2. However, the process for necessary modification in RICT CBS application may take time. So, in order to facilitate customers to make deposits through cheques at the GDS Branch Post Offices, the process of manual acceptance of cheques at GDS Branch Post Offices is prepared (Hindi & English) and enclosed for further necessary action till the provision is made available in DARPAN (RICT) CBS Application.

3. It is requested to circulate this SB Order to all concerned (including GDS Branch Post Offices) for information and necessary action. The same may also be placed on the notice boards of the Post Offices in public area.

4. This issues with the approval of the Competent Authority. Enclosure: Annexure- SOP

Yours Faithfully,

(Devendra Sharma)
Assistant Director (SB)

Signed Copy